View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Flint Corporation obtained a franchise from Tamarisk Inc. for a cash payment of $96,000 on April 1, 2020. The franchise grants Flint the right to sell certain products and services for a period of 6 years. Prepare Flint'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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 1 Franchises 96000 Cash 96000 Dec. 31 Amortization Expense 9000 Patents 9000