Question 4 Below is the information for Sheepdip Limited in regard to purchases and payments for the first week of December 2020. Produce the Trade Payables T-Account for this week to ascertain the amount that the company owes to suppliers at 7 December 2020. 01 December 2020 The balance on the trade payables account is 18,365 02 December 2020 Payments were made to suppliers in the amount of 4,898 03 December 2020 Purchases were made on credit in the amount of 1,781 04 December 2020 Cash purchases were made in the amount of 3,162 05 December 2020 Goods purchased on credit with a value of 275 were returned to a supplier 06 December 2020 Purchases were made on credit in the amount of 2,112 07 December 2020 Payments were made to suppliers in the amount of 3,263 (13 Marks)