Record the following transactions for August 2024 for Intel Corporation:

• Aug 1: Received $300,000 in cash from the issuance of bonds payable.
• Aug 5: Purchased inventory worth $120,000 on credit.
• Aug 10: Paid $70,000 in cash for advertising expenses.
• Aug 15: Sold merchandise for $200,000 in cash.
• Aug 20: Paid $35,000 in cash for office rent.
• Aug 25: Received utility bills totaling $25,000, payable next month.
• Aug 31: Collected $150,000 in cash from customers for services provided.

Prepare the general ledger accounts for these transactions.