On October 1, 2020, Kingsway Broadcasting purchased for $480,000 the copyright to publish the music composed by a local Celtic group. Kingsway expects the music to be sold over the next six years. The company uses the straight-line method to amortize intangibles. Required: Prepare entries to record: a. The purchase of the copyright. View transaction list View journal entry worksheet No Date Debit Credit General Journal Accumulated amortization, copyright 1 Oct 01, 2020