value O. 045 points 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, 20 employees qualify for one vacation day each. Their average daily wage is $160 per employee. 2. During December, Maxum Company sold 12,000 units of a product that carries a 60-day warranty December sales for this product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit vwill be $15. 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 Journal entry worksheet 2 Employees earn vacation pay at a rate of one day per month. During December, 20 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. ransaction General Journal Debit Credit Record entry Clear entry View general journal