On December 18, Intel receives $258,000 from a customer toward a cash sale of $2.58 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.58 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, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet 1 2 3 Record the collection of cash on December 18. Note: Enter debits before credits General Journal Debit Credit Dato December 18 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 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 Journal entry worksheet 1 2 3 > Record the cost of inventory sold. Note: Enter debits before credits. Date General Journal Debit Credit January 23 Record entry Clear entry View general journal