Requirements 1. Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January credit sales. 2. Journalize the entry to record the write-off of the customer's bad debt Solution: Requirement 1 and 2 Requirements 1. Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January credit sales. 2. Journalize the entry to record the write-off of the customer's bad debt Solution: Requirement 1 and 2