A. On June 1, 2020, Eleno Buray Jr. Forest Products sold merchandise with a Php120,000 list price. Trade Discounts Credit Terms Date Paid a. 30% 2/10, n/30 June 8 b. 40% 1/10, n/30 June 15 c. - 2/10,...

A. On June 1, 2020, Eleno Buray Jr. Forest Products sold merchandise with a Php120,000 list price.

Required: For each of the sales terms, determine the following:
a. The amount of
recorded sale
b. The amount of
cash received upon payment