March 1, 2020 Sally Miller signed a five-year franchise agreement for the exclusive rights to sell the Fig and Pigs Protein Shake brands in Montreal, Quebec. The agreement stipulates that Sally will pay the franchisor $30,000 upon signing the agreement and an ongoing royalty of 6% of monthly sales payable on the 20th of each following month. Sally started operating the new franchise immediately after signing the agreement. She will amortizes the franchise agreement monthly on a straight-line basis. Sales for the first two months were $20,000, and $30,000. Required: Prepare journal entries related to franchise fees (adjustments, accruals and payments) made during March and April