3,250 3,250 19 Dividends Cash 20 Write Off Accounts Receivabl 387 387 do not do it again) 18 Estimated income tax payable amounts for 2019 equaling $86,500 were paid during the year as they became due. 19 The company paid out cash dividends totaling $3,250 to its shareholders. 20 The company determined that a customer account was not collectible, and wrote off $387 on December 31. 21 The company believes that 2.5% of ending Accounts Receivable is a reasonable estimate of its Allowance for Doubtful Accounts balance. The Company uses the allowance method to record bad debts. 22 Tax expense is 21% of Income before Income Tax. 22 3,250 3,250 19 Dividends Cash 20 Write Off Accounts Receivabl 387 387 do not do it again) 18 Estimated income tax payable amounts for 2019 equaling $86,500 were paid during the year as they became due. 19 The company paid out cash dividends totaling $3,250 to its shareholders. 20 The company determined that a customer account was not collectible, and wrote off $387 on December 31. 21 The company believes that 2.5% of ending Accounts Receivable is a reasonable estimate of its Allowance for Doubtful Accounts balance. The Company uses the allowance method to record bad debts. 22 Tax expense is 21% of Income before Income Tax. 22