Duncan Corporation began 2018 with a balance in Accounts Receivable of $500,000.Service revenue, all on account, for the year totaled $2,600,000. The company ended theyear with a balance in Accounts Receivable of $700,000. Duncan’s bad-debt write-offs arenonexistent. How much cash did the company collect from customers in 2018?a. $3,300,000b. $2,600,000c. $2,800,000d. $2,400,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Duncan Corporation began 2018 with a balance in Accounts Receivable of $500,000.
Service revenue, all on account, for the year totaled $2,600,000. The company ended the
year with a balance in Accounts Receivable of $700,000. Duncan’s bad-debt write-offs are
nonexistent. How much cash did the company collect from customers in 2018?
a. $3,300,000
b. $2,600,000
c. $2,800,000
d. $2,400,000

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