Question: Gallatin Hardware is a small hardware store in the rural township of Willow Creek that rarely extends credit to its customers in the form of

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

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