Carla Vista Diners Inc. charges an initial franchise fee of $201000 broken down as follows:

Rights to trade name, market area, and proprietary know-how $87000

Training services 30000

Equipment (cost of $25100) 84000

Total initial franchise fee $201000

Upon signing of the agreement, a payment of $87000 is due. Thereafter, 2 annual payments of $57000 are required. The credit rating of the franchisee is such that it would have to pay interest of 8% to borrow money. The franchise agreement is signed on August 1, 2021, and the franchise commences operation on November 1, 2021. Assume that the total training fees includes training services for the period leading up to the franchise opening ($11700 value) and for 3 months following opening. The journal entry on August 1, 2021 would include

a credit to Unearned Service Revenue for $18300.

a debit to Unearned Franchise Revenue for $87000.

a debit to Sales Revenue for $84000.

a credit to Unearned Service Revenue for $30000.