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Gershwin Corporation has obtained a franchise from sonic hedgehog inc. for a cash payment of a br. 120000 on April 1, 2010. The franchise grants

Gershwin Corporation has obtained a franchise from sonic hedgehog inc. for a cash payment of a br. 120000 on April 1, 2010. The franchise grants Gershwin the right to sell certain products and service for a period of 8 years. Prepare Gershwin's April 1 journal entry and December 31 adjusting entry

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