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Blue Spruce Company Ltd, publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $26 per year During November 2022, Blue Spruce sells 6,780 subscriptions for cash, beginning with the December issue. Blue Spruce prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. (a) Your answer is correct Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov 30 Cash 176280 Unearned Subscription Revenue 176280 Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 Wilkinson Company had the following transactions involving notes payable. Aug. 1, 2020 Dec. 1, 2020 Dec. 31, 2020 Mar. 1.2021 Borrows $80,000 from City National Bank by signing a 9-month, 9% note. Borrows $90,000 from Admire State Bank by signing a 3-month, 10% note. Prepare adjusting entries. Pays principal and interest to Admire State Bank. What amount of interest expense is reported in the 2020 income statement? Interest Expense $ $