One of the supplier accounts from the accounts payable ledger for Thompson Consulting Services is shown below.Explain each of the entries that have been posted to this supplier's subsidiary ledger account. 
Definitions:
Stocks
Shares of ownership in a company, representing a claim on part of the company's assets and earnings.
Fiat Money
Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
The Euro
The official currency of 19 out of the 27 European Union countries, which forms a significant part of the world's economy.
Specialization In Production
The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies.
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