Question 6 View Policies Show Attempt History Current Attempt in Progress Martinez Corporation obtained a franchise from Tamarisk Inc. for a cash payment of $86,400 on April 1, 2020. The franchise grants Martinez the right to sell certain products and services for a period of 8 years. Prepare Martinez's April 1 journal entry and December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 1 of 3 used Save for Later Submit Answer Send to Gradebook Previous Next