Recording Franchise Entries Cleaners Inc. signed a contract with Super-Cleaners, Incorporated. The agreement provided for the payment of a franchise fee by Cleaners Inc. and subsequent periodic franchine royabes based on sales, In return for these royalties, Super-Cleaners will provide specified services in the future (such as promotional suggestions) for 10 years. The franchise fee was $300,000 payable on January 2020. Provide the entries that Cleaners Inc. should make on January 1, 2020, and on December 31, 2020. Disregard any franchise royalties based on sales 1. Date Jan 1, 2020 b Dec 31, 2000 Account Name Dr