The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below: READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012. PRINT CLEARLY and USE COMPLETE Account Titles.

Account	Dr	Cr.
Cash	496,000
Accounts Receivable	499,000
Allowance for Doubtful Accounts		50,000
Prepaid Rent	525,000
Prepaid Insurance	150,000
Inventory	875,000
Furniture and Fixtures	215,000
Accumulated Depreciation		85,000
Accounts Payable		750,000
Wages Payable		80,000
Common Stock		1,200,000
Retained Earnings		595,000
Sales Revenue
Cost of Goods Sold
Wages Expense
Rent Expense
Depreciation Expense
Utility Expense
Bad Debt Expense
Insurance Expense
Dividends
Totals	2,760,000	2,760,000

1. Purchase of inventory for resale was $5,000,000. All purchases were made on account.
2. Payments for inventory purchased on account were $5,210,000.
3. Sales of merchandise totaled $11,200,000. Of this amount, 20% of the sales were made on account; the remaining sales were paid in cash.
4. The cost of the merchandise sold during the year was $4,000,000.
5. Collections on Accounts Receivable 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 utilities during the year.
8. During the year $56,000 of customer accounts were written off as uncollectible.
9. Accrued wages payable at year-end should be $75,000.
10. 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.
11. On June 1, 2011, a check for $360,000 was issued for a one-year insurance policy 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.
12. Depreciation expense for the year on the furniture and fixtures is calculated using straight line depreciation. 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 year.

I need help with journal entry 9 and 14. Please explain the procedure behind as I am trying to learn.

Regarding question 9: there is a beginning balance of 80,000 CR for wages payable. When I go to the key answer sheet, it says:

Wages Payable			80,000
6	80,000		0
9		75,000	75,000

So in other words, the ending balance for wages payable would be 75,000, but where did the 80,000 CR beginning balance go? I do not understand why the answer sheet says that. PLEASE EXPLAIN THIS AS WELL.

THIS IS MY SECOND TIME POSTING THIS QUESTION BECAUSE I DID NOT UNDERSTAND THE EXPLANATION BEHIND THE FIRST ANSWER. PLEASE HELP.