Thanks for the follow-up photo. Majesty Palms have a very poor record when used indoors. They are tropical in origin so you don't have the option of moving it outside. Without strong overhead sun, lots of air circulation, constantly damp soil and regular fertilizing that they get outside in warm climates, they tend to deteriorate pretty badly over the course of a year or so.
Yours will continue to develop yellow lower fronds that can be cut off as they become unsightly. Keep the soil damp. Place it right in front of the window. Watch for spider mites. Any fertilizer is fine at half strength.
This is not a good plant for a beginner. Do your best!