loIeWUTk. -1 MyAccountingLab Score: 0 of 22 pts CP8-41 Continuing Problem (similar to) Homewo 2 of3 (1 Drew Consulting performs systems consulting and sells accounting software. Drew reviewed the receivables list from the January transactions. Drew uses the allowance method for receivables estimating uncollectibles to be 10% of January sales revenue of $14.350 Drew identified on February 15 that a customer was not going to pay his receivable of $160 Requirement 1. Journalize the January 31 entry to record and establish the allowance using the percent-of Select the explanation on the last line of the journal entry table.) Date 2017 Jan 31 Accounts and Explanation Debit Credit