what accounts and numbers should I record?

Brief Exercise 8-6 Record deferred revenues (LO8-4) 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.) Answer is not complete. NO Date General Journal Credit Debit 2,580,000 December 18 Cash Deferred Revenue 2,580,000 January 23 258,000 Deferred Revenue Sales Revenue 258.000 January 23 Cost of Goods Sold 1.000.000 Cash 1.000.000 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 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 list Journal entry worksheet 11 Record advance receipt of cash. Note: Enter debts before credits Credit Date General Journal December 18 Cash Deferred Revenue Debit 2,580,000 . 2,580.000 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