Gordon Company uses the allowance method in accounting for uncollectible accounts. On January 3, Gordon wrote off the account of Lightfoot Co. for $700 as uncollectible. Which of the following is a correct part of the entry. Select all that apply.

Question 1 options:

	Debit Allowance for Doubtful Accounts for $700
	Debit Accounts Receivable for $700
	Credit Allowance for Doubtful Accounts for $700
	Debit Bad Debt Expense for $700
	Credit Accounts Receivable for $700