3 Brief Exercise 8-6 Record deferred revenues (L08-4) 5 pot On December 18, Intel receives $251,000 from a customer toward a cash sale of $2.51 million for computer chips to be completed on January 23. The computer chips had a total production cost of $151 milion What journal entries should Intel record on December 18 and January 237 Assume intel uses the perpetual inventory system (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) View transaction that Journal entry worksheet 2 3 Record the collection of cash on December 18. Noter des before credits General Journal Debit Credit Date December 18 Record entry Clear entry View general journal hapter 8 Exercises Seved 3 Brief Exercise 8-6 Record deferred revenues (LO8-4) bits On December 18, Intol receives $251.000 from a customer toward a cash sale of $2.5 million for computer chips to be completed on January 23. The computer chips had a total production cost of $151 million. What journal entries should Intel record on December 18 and January 23? Assume Intel uses the perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions. For example, 55.5 million should be entered as 5,500,000.) ok View transaction ist Print Journal entry worksheet References 1 3 Record the sale of computer chips inventory and the remaining cash collection on January 23 Note Enter debits before credits Date General Journal Debit Credit January 23 Record entry Clear entry View general Journal sed 3 Brief Exercise 8-6 Record deferred revenues (LO8-4) Doints On December 18, Intel receives $251000 from a customer toward a cash sale of $2.51 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.51 million, What journal entries should Intel record on December 18 and January 237 Assume Intel uses the perpetual inventory system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) View transaction ist P Journal entry worksheet ferences