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

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Student Class Last Name Status First Name Student ID Zip Address Major Smith James Doe 10 ane288888 32 3rd Ave Biology Miller 5 Mak3 Smith 3 Ty 88888555 Ohio Road Business 88808 511 Easy streer Math 888 0854 Main Street Math