PROBLEM with journal entries!!!?

Question

Had following balances on December 31, 2002:
Interest receivable $2000 Prepaid insurance$5000
Wages Payable $36000 Unearned sales revenue $40000

Prepare journal entries to record these transactions:
During early 2003, $3000 cash was collected for interest, and $90 000 was paid out for wages.
Company's insurance policy expired in 2003, and a premium of $8000 was paid for a new one-year policy. Sales of $420 000 in 2003 included $40 000 of goods delivered to customers who had made advance payments during 2002.

Answer 1

$3000 cash was collected for interest
Dr Cash 3,000
Cr Interest receivable 2,000
Cr Interest income 1,000

$90 000 was paid out for wages.
Dr Wages payable 36,000
Dr Wages expense 54,000
Cr Cash 90,000

premium of $8000 was paid for a new one-year policy.
Dr Insurance expense 5,000
Cr Prepaid insurance 5,000
(being old policy expired)

Dr Prepaid insurance 8,000
Cr Cash 8,000

Sales of $420 000 in 2003 included $40 000 of goods delivered to customers who had made advance payments during 2002.
Dr Unearned sales revenue 40,000
Dr A/cs receivable 380,000
Cr Sales 420,000

Answer 2

Dr. Cash 3,000
Cr. Interest Receivable 3,000

Dr. Wages Payable 90,000
Cr. Cash 90,000

Dr. Prepaid Insurance 8,000
Cr. Cash 8,000

Dr. Unearned Sales Revenue 40,000
Dr. Accounts Receivable 380,000
Cr. Sales 420,000

At the end of the first month, remember to depreciate 1/12th of prepaid insurance.