Paste BIUab x AA 21 2 Philips Diners Inc. charges an initial franchise fee of $156000 broken down as follows: Rights to trade name, market area, and proprietary know-how Training services Equipment (cost of $17600) Total initial franchise fee $72000 15000 69000 $156000 Ev Upon signing of the agreement, a payment of $72000 is due. Thereafter, 2 annual payments of $42000 are required. The credit rating of the franchisee is such that it would have to pay interest of 8% to borrow money. The franchise agreement is signed on August 1, 2021, and the franchise commences operation on November 1, 2021. Assuming that no future services are required by the franchisor once the franchise begins operations, the entry on November 1, 2021 would include A. a credit to Service Revenue for $15000. B. a credit to Unearned Franchise Revenue for $72000. C. a debit to Unearned Franchise Revenue for $72000. + D. a credit to Sales Revenue for $69000. ABL O Page 1 of 1 151 words: Focus () X W