on october

On October 1, 2023, Kingsway Broadcasting purchased for $300,000 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 tine method to amortize intangibles. Required: Prepare entries to record: a. The purchase of the copyright. b. The amortization for the year ended December 31,2023 , calculated to the nearest whole month. Journal entry worksheet Note: Enter debits before credits