mework Saved Help Save & Exit Submit 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 $4.800 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3,600 units of a product that carries a 60-day warranty, December sales for this product total $125,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17. Prepare adjusting entries at December 31 for Maxum Company's year-end financial statements for each of the above separate transactions. View transaction list Journal entry worksheet Saved Help Say Homework Journal entry worksheet B Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $4,800 of accrued vacation benefits for the year. Record the related adjusting entry, Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Saved Help 09 Homework Journal entry worksheet A 7