On October 1, 2020, Kingsway Broadcasting purchased for $600,000 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 Journal entry worksheet < 1 Record purchase of copyright. Note: Enter debits before credits. Date Oct 01, 2020 General Journal Debit Credit