Z Seminar: AC30 X PG Campus Unit 2 Lab Assi x WP NWP AssessmX WP NWP Assessme X we Question 4 (Rex (704) Jonas X + C education.wiley.com/was/ui/v2/question-player/index.html?renderMode=readOnly&questionid=6f39e405-0670-4bf4-ba44-8ef3d1b04d2... Mi Gmail YouTube Maps *Read-Only. Return to the assignment to answer this question. Paraphrasing Tool ...Plagiarism Checker... APA citation genera... WhatsApp Cost Accounting Te... Intermediate Accou... Financial Statement... RETURN TO ASSIGNMENT UNIT 2 LAB ASSIGNMENT 302 Question 4 Sage Delight, Inc. charges an initial franchise fee of $75,000 for the right to operate as a franchisee of Sage Delight. Of this amount, $25,100 is collected immediately. The remainder is collected in four equal annual installments of $12,475 each. These installments have a present value of $41.238. As part of the total franchise fee, Sage Delight also provides training (with a fair value of $2,000) to help franchisees get the store ready to open. The franchise agreement is signed on April 1, 2020, training is completed, and the store opens on July 1, 2020. Prepare the journal entry required by Sage Delight in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 73F Cloudy Q Search ENG 4:49 PM 12/16/2022