Dans Hardware is a small hardware store in the rural township of Twin Bridges It rarely extends credit to its customers in the form of an account receivable The few customers that are allowed to carry accounts receivable are long time residents of Twin Bridges, with a history of doing business at Dans Hardware What method of accounting for uncollectible receivables should Dans Hardware use Why

Question: Dans Hardware is a small hardware store in the rural township of Twin Bridges. It rarely extends credit to its customers in the form of

Dan’s Hardware is a small hardware store in the rural township of Twin Bridges. It rarely extends credit to its customers in the form of an account receivable. The few customers that are allowed to carry are long-time residents of Twin Bridges, with a history of doing business at Dan’s Hardware. What method of accounting for uncollectible receivables should Dan’s Hardware use? Why?

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