Swifty Corporation obtained a franchise from Windsor Inc. for a cash payment of $180,000 on April 1, 2020. The franchise grants Swifty the right to sell certain products and services for a period of 10 years. Prepare Swifty'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