The problem and answer are provided. Can you please explain the journal entry #10, #11, and #13. That is all I need help with. Thanks!

DE SCRIPTION CABalaneof alam Inc as of December 31, 2011 appears below: READ EACH QUESTIONS WILL record the transaction for its ending impact for 2012 PRINT CLEARLY and USE COMPLETE Account Titles Account ash 496,000 for Doubtful 50, Prepaid Rent Prepaid Insurance 875 urniture and Fixtures Accumulated Accounts Payable Depreciation Payable Common Stock 1,200 595 t of Goods Sold Rent Expense Utility Expense Insurance Expense Expense Debt Expense Totals 2,760,000 2,760,00 ) Purchase of inventory for resale was $5,000,000. All purchases were made on acoount... 2) Payments for inventory purchased on account were $5.210,000, 3) Sales of merchandise totaled S 1 1,200 000. Of this amout, 20% of the sales were made on account the remaining sales were paid in cash. The cost of the merchandise sold during the year was $4,000,000. Collections on Accounts Recelvable during the year were $2,380,000. 6) Cash payments to employees during the year, totaled $1,215,000. This was both towards unpaid salaries at the beginning of the year and for salaries earned during 2012 7) Paid $100,000 cash for utlities during the year 8) During the year $56,000 of customer accounts were written off as uncollectible. Name 9) Accrued wages payable at year-end should be $75,000. 0) On October 1, 2011, $600,000 was paid for a 24-month operating lease for the building. The lease will be expensed evenly over the lease period. On June 1, 2011, a check for $300,000 was issued for a one-year insurance polcy to be expensed evenly over the next 12 months. On June 1,2012 a check for $480,000 was issued for a one-year insurance policy. The insurance will be expensed evenly over the next 12 months. The payment for the policy purchased in 2012 has not been recorded fxtures is calculated using straight line 12) Depreciation expense for the year on the f The life of the furniture and fixtures is 10 years and the company estimates a residual value of $5,000. 13) The company has determined that the allowance for doubtful accounts should be $40.600. 14) Dividends were declared and paid in the amount of $4,000,000 during the