Problem 6-12 You started the year with $5,000 in Wages Payable. You paid $50,000 to your worker. You owed her $ 10,000 at the end of the year. Record the journal entries. Problem 6-13 You started the year with $ 1,500 in Prepaid Insurance. This was four months of insurance on a policy that expires this year. On May 1, you purchased a two-year policy for $4,800. Record the journal entries Problem 6-14 You want to buy a motorcycle from JD. The cost is $20,000, $2,000 down and the rest in three equal annual payment beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Problem 6-15 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 5 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan