Accounting for uncollectible accounts using the allowance method This problem continues the Daniels Consulting situation from Problem P8-33 of Chapter 8. Daniels Consulting reviewed the receivables list from the January transactions. Daniels uses the allowance method for receivables, estimating uncollectibles to be 6% of January sales revenue of $8, 180. Daniels identified on February 15 that a customer was not going to pay his receivable of $176. Requirements Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January sales revenue. Journalize the entry to record the write-off of the customer's bad debt