Prepare any necessary adjusting entries at December 31, 2015, for Maxum Companys year-end financial statements for each of the above separate transactions and events......

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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, 29 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 $132,000. The company expects 8% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $16. Prepare any necessary adjusting entries at December 31, 2015, for Maxum Company's year-end financial statements for each of the above separate transactions and events. view transaction list view general journal Journal Entry Worksheet Employees earn vacation pay at a rate of one day per month. During December, 29 employees qualify for one vacation day each. Their average daily wage is $160 per employee. Record the related adjusting entry.. Transaction General Journal Debit Credit *Enter debits before credits done clear entry record entry