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Record the following transactions for Intel Corporation for the month of November 2024 and analyze the cash flow: Nov 1: Received $300,000 in cash from
Record the following transactions for Intel Corporation for the month of November 2024 and analyze the cash flow:
- Nov 1: Received $300,000 in cash from the issuance of bonds payable.
- Nov 5: Purchased inventory worth $120,000 on credit.
- Nov 10: Paid $70,000 in cash for advertising expenses.
- Nov 15: Sold merchandise for $200,000 in cash.
- Nov 20: Paid $35,000 in cash for office rent.
- Nov 25: Received utility bills totaling $25,000, payable next month.
- Nov 30: Collected $150,000 in cash from customers for services provided.
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