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 three 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 General Journal Credit Od 01. 2020 Copyright Cash Debit 600 000 600 000 b. The amortization for the year ended December 31, 2020, calculated to the nearest whole month. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31, 2020 Amortization expense, copyright Accumulated amortization, copyright