Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $7,400 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 4,300 units of a product that carries a 60-day warranty. December sales for this product total $133,000. The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $15. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions. View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $7,400 of accrued vacation benefits for the year. Record the related adjusting entry. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet