Question 3: (18 marks)

a.Complete the two following tables for Mountain Food Ltd to show estimated cash collections from debtors (accounts receivable) on the following assumptions:(15 marks)

i.70 per cent is collected in the month of the sale.

ii.20 percent is collected in the month following the sale.

iii.7 per cent is collected in the second month following the sale

iv.3 per cent is never collected

b.Which report would you print to get the following information in XERO? Write down the steps of printing the report. (3 marks)