On December 18, Intel receives $249,000 from a customer toward a cash sale of $2.49 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.49 million. What journal entries should Intel record on December 18 and January 23
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On December 18, Intel receives $249,000 from a customer toward a cash sale of $2.49 million for comp...
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