15 Ridgewood Corporation began 2014 with accounts receivable of $800,000. Sales for the year totalled...
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15 Ridgewood Corporation began 2014 with accounts receivable of $800,000. Sales for the year totalled $2,500,000. Ridgewood ended the year with accounts receivable of $900,000. Ridgewood's bad debt losses are minimal. How much cash did Ridgewood collect from customers in 2014? (5 Points) 16 Saturn Company received a four-month, 5%, $4,800 note receivable on December 1. The adjusting entry on December 31 will (5 Points)
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