Now assume that Carnival booked Lady Antebellum in December 2016 to perform on the June 2017 Western Caribbean cruise. Further assume that Carnival pays Lady Antebellum its entire performance fee of $52,000 on December 28, 2016, for the June 2017 cruise. What journal entry will Carnival make on December 28, 2016, for its payment to Lady Antebellum?

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio