Halsted Inc. uses the allowance method. Previously, the company had written off the account of S. Bullock in full. Nine months later, Halsted collected $1,700, the full amount due, from S. Bullock. How would Halsted Inc. record this transaction?

	Debit Bad Debt Expense for $1,700 and credit Accounts Receivable-S. Bullock for $1,700.
	Debit Accounts Receivable-S. Bullock for $1,700 and credit Bad Debt Expense for $1,700.
	Debit Accounts Receivable-S. Bullock for $1,700, credit Bad Debt Expense for $1,700, debit Cash for $1,700, and credit Accounts Receivable-S. Bullock for $1,700.
	Debit Accounts Receivable-S. Bullock for $1,700, credit Allowance for Doubtful Accounts for $1,700, debit Cash for $1,700, and credit Accounts Receivable-S. Bullock for $1,700.
	Debit Cash for $1,700 and credit Accounts Receivable-S. Bullock for $1,700.