Hubbard Street Dance Company sells subscriptions for its monthly dance performances. The company received annual subscription payments on November 15, 2015 for performances that will take place during 2016 in the amount of $120,000. The subscription payments will be earned equally throughout each month. Prepare the journal entry for the receipt of annual subscription payments on November 15, 2015. Prepare the required adjusting entry for the subscription payments on January 31, 2016. Wade Industries reported the following information in its accounting records on December 31, 2015: The employees were paid on December 31, 2015. Prepare the journal entry on December 31 to record salaries and wages relating to December 29-31, 2015. Prepare the journal entry on December 31 to record payroll taxes relating to December 29-31, 2105. On December 1, 2015, Newco borrowed $200,000 from First National Bank, and signed a 9% note payable due in one year. Interest on the note is due at maturity. Prepare the journal entry to record the borrowing transaction. Prepare the required adjusting entry on December 31, 2015. Prepare the journal entry to record the payment of the interest on December 1, 2016. Prepare the journal entry to record the payment of the note on December 1, 2016. Leanly Co. issues $100,000 of 10-year, 10% bonds on January 1, 2016. Prepare the journal entry on the date of issuance of January 1, 2016 under each of the following assumptions: The bonds are sold at 100. The bonds are sold at 104. The bonds are sold at 98