ACTIVITY

State the error for each of the following statements:

1. Purchase of stock was entered in the Office Equipment Account.
   
2. Paid Mello $10,000 cash was debited to Nello's Account..
   
3. Sammy paid us $20,000 cash. We debited Sammy's Account and credited the cash book.
   
4. Cash purchase $10,000 was entered in the books as $1,000..
   
5. Paid rent $40,000 cheque was not entered into the books..
   

6.There was an error in the sales and purchases account by $500..