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Which journal entry would be made for the transaction below? Purchased a franchise from Hollins Industries for $300,000. The franchise agreement is for a period

Which journal entry would be made for the transaction below? Purchased a franchise from Hollins Industries for $300,000. The franchise agreement is for a period of 10 years. A. Debit amortization expense, credit franchise B. Debit franchise, credit amortization expense C. Debit franchise, debit cash D. Debit cash, credit amortization expense.

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