Llamas Co. sold goods with an invoice price of P5,400,000 on January 1, 2020. Trade discounts were 20% and 10%. Terms were 5/15, n/45. Customer made a down payment equal to 30% of the list price. The remaining balance was paid on January 31, 2020. Llamas uses the net method.

1. How much were total trade discounts?
2. How much is recorded by Llamas Co. to Sales on January 1, 2020?
3. How much accounts receivable was recorded on January 1, 2020?

De Leon Co. sold goods with a list price of P6,172,000 on June 1, 2020. Trade discounts were 10% and 5%. Terms were 5/10, n/30. Customer paid P3,000,000 on June 5, 2020, and the remaining balance on June 10, 2020.

1. How much cash will be received by De Leon Co. on June 10, 2020?

NOTE: Each problem is to be regarded separately meaning the two problems are not related to one another.