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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

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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

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