1apters 9 & 10 i Exercise 9-15 (Static) Accounting for estimated liabilities LO P4 Listed below are a few transactions and events of Maxum Company. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $13,000 of accrued v benefits for the year. During December, Maxum Company sold 12,000 units of a product that carries a 60 -day warranty. December sales for th product total $460,000. The company expects 10% of the units to need warranty repairs, and it estimates the average r) per unit will be $15. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separat transactions. Journal entry worksheet Prev 3 of