Managerial Accounting: P8-41 Daniels Consulting reviewed the receivables list from the January

Managerial Accounting 
P8-41 Accounting for uncollectible accounts using the allowance method 
This problem continues the Daniels Consulting situation from Problem P7-33 of Chapter 7 and Problem P6-38 of Chapter 6. 
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  
1. Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January sales revenue.  
2. Journalize the entry to record the write-off of the customers bad debt. 
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