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Huxley Group receives royaltion on a book written by two of its authors and sold to Ava Publishing, Inc Royalties me 10% of net sales
Huxley Group receives royaltion on a book written by two of its authors and sold to Ava Publishing, Inc Royalties me 10% of net sales receivata on Octobernuary June and on April 1 for sales in July through December of the prior year. Sales of the manual began in July 2018, and Huxley accrued royalty revenue of $3.000 December 31, 2018 Huxley received royalties of $20,000 on April 1, 2019, and $34,000 on October 1, 2019. Ava indicated to Huxley on December 31 that book sales subject to copy of the wat 2019 are expected to be $360,000 (4 pts) Prepare all the journal entries for 2019: Label the journal entries ac) with the date. Include the complete account inte April 1 5. October 1 e December 31 pts) What is the total royalty revenue Huxley will recognize in 20197 S plain what numbers were used in your calculation An answer without an explanation or journal entries will be counted wrong he toolbar, press ALTOFTO (PC) or ALT+FN+F10 (Mac) 1 Us Paragraph Arial V 10pt THI li E 2 I. Hide Proctonoting your screen Stop sharing
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