Question 4 Total Marks: 16 1. J. Fry uses subsidiary ledgers and special journals in his accounting system. The accounts in the accounts payable subsidiary ledger for the most recent month are shown below: E. Koumi A. Packer CP 150 CP 180 Bal. (b/d) P 0 200 Bal. (b/d) P 180 250 210 I. Trinh Y. Yue CP 230 CP 195 Bal. (b/d) 490 255 Bal. (b/d) 195 310 Required (a) Prepare the Accounts Payable Control account showing the final balance of the account, assuming that all transactions are reflected in the above accounts. [4 marks) (b) Prepare a schedule of accounts payable to reconcile the subsidiary ledger with the control account. [4 marks] (c) Identify the major sources of cash receipts recorded in a cash receipts journal. Identify the major transactions which involve cash payments in the cash payments journal. [ 4 marks] (d) What is meant by an entity's financial position and performance? To whom and for what purpose are the financial position and performance appropriate sources of information? [4 marks] Type your answer here