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On December 31,2022 , Dita Co. estimated that 2% of its net sales of P400,000 will become uncollectible. On May 11, 2023, Dita Co. determined

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On December 31,2022 , Dita Co. estimated that 2% of its net sales of P400,000 will become uncollectible. On May 11, 2023, Dita Co. determined that the Alex Lundquist account was uncollectible and wrote off P1,100. On June 12,2023, Lundquist paid the amount previously written off. Determine the balance of Allowance for Bad Debts as of June 12, 2023

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