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) a) $3,400,000 b) $2,940,000 c) $2,500,000 d) $2,400,000 16 Saturn Company received a four-month, 5%, $4,800 note receivable on December 1. The adjusting entry on December 31 will BE