Question: Elite Hardware is a small hardware store in the rural township of Rexburg that rarely extends credit to its customers in the form of an

Elite Hardware is a small hardware store in the rural township of Rexburg that 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 Rexburg and have a history of doing business at Elite Hardware. What method of accounting for uncollectible receivables should Elite Hardware use? Why?

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