Problem 9-19A Intangible assets LO7 On October 1, 2020, Kingsway Broadcasting purchased for $330,000 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 Record purchase of copyright. Note: Enter debits before credits General Journal Debit Credit Dato Oct 01, 2020 b. The amortization for the year ended December 31, 2020, calculated to the nearest whole month. View transaction list Journal entry worksheet Record the amortization of copyright. Note: Enter debits before credits rences General Journal Debit Credit Date Dec 31, 2020 11 Record entry Clear entry View general Journal