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Prepare gershwin april journal entry and december

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Question 1: Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. For a cash payment of $. 120,000 on april 1, 2010. The franchise grants Gershwin the right to sell certain products and services for a period of 8 years. prepare Gershwin's April 1 journal entry and december 31 adjusting entry

Reference no: EM132589362

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