Identify transactions in accounts payable subsidiary ledger The debits and credits from three related transactions are presented in the following creditor's account taken from the accounts payable ledger: NAME Apex Performance Co. ADDRESS 101 W. Stratford Ave. Date Item Post. Ref. Debit Credit Balance 2016 May 6 P44 12,000 12,000 11,850 May 14 112 150 May 16 CP23 11,850 Describe each transaction, and identity the source of each posting. Date Describe Transaction Transaction Source May 6 May 14 May 16 Describe each transaction, and identify the source of each posting. Date Describe Transaction Transactions May 6 May 14 May 16 Purchased on account Paid on Account Sold on Account Received on account Corrected error or received allowance n Transaction Source from Purchases Journal from Cash Receipts Journal from Cash Payments Journal from Revenue Journal from General Journal