3 A. Using the information below, produce the Trade Receivables T- account for this week to ascertain the amount that the company is owed by its customers. 01 November 02 November The opening balance on the trade receivables account is 12,256 Cash sales were recorded in the amount of 200. Payments of 769 were received in respect of credit sales 03 November Credit sales were made in the amount of 350 04 November 05 November 06 November 07 November A large sale to a new customer for 1,430 was made on credit A credit customer returned their goods costing 250 Credit sales were made in the amount of 874 (13 Marks) B. A client of yours has been extended credit by her suppliers and now intends to offer credit to her customers in return. Offer a short explanation of the changes she can expect to see in her financial statements