=+5. Strommers Flardware is a small hardware store in the rural township ofLewistown that rarely extends credit
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=+5. Strommer’s Flardware is a small hardware store in the rural township ofLewistown 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 ofLewistown and have a history of doing business at Strommers. What method of accounting for uncollectible receivables should Strommers Flardware use? Why?
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