Question: 3 5 points Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay at a rate of one day

3 5 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, Maxum estimated and must expense $8.500 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,800 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 6% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $13. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions eBook Print View transaction lit Journal entry worksheet References B During December, Maxum Company sold 3,800 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 6% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $13. Record the related adjusting Note: Enter debits before credits General Journal Debit Credit Transaction 2 3 5 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, Maxum estimated and must expense $8.500 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,800 units of a product that carries a 60-day warranty. December sales for this product total $123,000. The company expects 6% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $13. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions eBook Print View transaction lit Journal entry worksheet References Employees earn vacation pay at a rate of one day per month, Maxum estimated and must expense $8,500 of accrued vacation benefits for the year. Record the related adjusting entry. Note: Enter detits before credits Transaction General Journal Debit Credit 1
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