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On December 18, Intel receives $241 000 rom a customer toward a cash sale of $2.41 million for computer c s to be completed on

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On December 18, Intel receives $241 000 rom a customer toward a cash sale of $2.41 million for computer c s to be completed on January 2The computer chips adattal production cost of $1.41 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 transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet To record advance receipt of cash. Note: Enter debits before credits. Date General Journal Debit Credit December 241,000 241,000

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