OA http/ Save & E Help 9.12 Exercise 9-12 Accounting for estimated liabilities LO P4 Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay at a rate of one day per month Durng December, 31 employees quality for one vacation dey Their average daily wage is $150 per employee 2 During December, Maxum Company sold 4,100 units of a product that carries a 60 day warranty December sales for this product estimates the average repair cost per unit will total $122,0 be $15 00 The company expects 9% of the units to need warranty repairs, and Company's year end financial end financial statements for each of the Prepare any necessary adjusting entries at December 31, 2017, for Maxum above separate transactions and events View transaction lst Journal entry worksheet