Collapse another ton wilave Question 11 points Huxley Group receives royalties on a book written by two of its authors and sold to Ava Pishing, Inc. Royalties are 10% of net sales, receive on October for ny in January through June and on April 1 for sales in July through December of the prior your wes of the marval began in Juy 2018, and Hudly oned royany revenue of $20.000 December 31, 2018 Huxley received coales of $32,000 on Apr 1, 2010, and $30.000) on October 1, 2010. Ava indicated to undey on December 31 w books betto roma tor then second half of 2016 are expected to be $300,000 (4 pta) Prepare all the journal entries for 2019: Label the joumal entries c) win the date. Include the completa account title. a April 1 October 1 December 31 (2 pts) What is the total royalty revenue Huxley will recognize in 20199 $ Explain what numbers were used in your calculation. An answer without an explanation or journal entries will be counted wrong C2 For the toolbar, press ALT+F10 (PC) O ALTFEF10 Md BIU4 Pareorach Alor 10pt MacBook Pro 0 c G Search or type URL e . 56 5 0 3 9 8 6 7 3 4 0 P U T R Y Q W E : H J G F S D Collapse Moving to another question will save this response Question 17 points Hadley Inc.'s inventory increased during the year by $40,000. Its accounts payable increased by $30,000 during the same period. Is cost of goods sold was $120,000 Prepare a summary journal entry that represents the net effect of merchandise purchases during the reporting period Write the Journal entry in the proper format Label your Dr and Cr. Each account should on its own line, 101 A For the toolbar, press ALT+10 ( Por ALTHEN F1 (Mad BIS Paragraph Ara X x, & TT 1 2 T. XO O Q 19 F 1992 ET 0) MacBook Pro Q G Search or type URL - e $ 4 % 5 & 7 9 8 6 2 3 P U 0 "S Y R T E W J G F D S