Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay at a rate of one day per month. During December, 37 employees qualify for one vacation day each Their average daily wage is $160 per employee 2 During December, Maxum Company sold 4.200 units of a product that carries a 60-day warranty December sales for this product total $130,000. The company expects 9% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $20 Prepare any necessary adjusting entries at December 31, 2017, for Maxum Company's year-end financial statements for each of the above separate transactions and events 2 Employees earn vacation pay at a rate of one day per month. During December, 37 employees qualify for one vacation day each. Their average daily wage is $160 per employee. Record the related adjusting entry Note: Enter debits before credits. Transaction General Journal Debit Credit 2 During December, Maxum Company sold 4,200 units of a product that carries i a 60-day warranty. December sales for this product total $130,000. The company expects 9% of the units to need warranty repairs, and it estimates lated adjusting L. the average repair cost per unit will be $20. Record the rel Note: Enter debits before credits. Transaction General Journal Debit Credit