Question 2 (Marks: 30) Q.2.1 In your own words explain what a creditor is. (2) Is a creditor classified as an expense, non-current liability, current liability or negative asset? Q.2.2 For each of the following two statements indicate if it is true or false? Q.2.2.1 At the end of the month the total of the creditors list must be equal to (1) total of the creditors journal. Q.2.2.2 The total of the creditors column in the cash book payments is posted to the credit side of the creditors control account. Q.2.3 Making use of the May 2023 creditors ledger of Campus-Stationers and the May account statement received from Textbooks-for-all, as well as the additional information provided, prepare the following: Note: The account statement was received on 1 June 2023, and this is the day the reconciling entries are to be made before the June payment to Textbooks-for-all can be made. Q.2.3.1 The updated account of Textbooks-for-all in the creditors ledger of Campus-Stationers. Transaction codes may be ignored. Refer to your textbook for the correct headings and layouts of the creditors ledger. Q.2.3.2 The creditors reconciliation statement (remittance advice). (13) Refer to your textbook for the correct headings and layouts of the creditors reconciliation statement