On inspecting the books of T Smith, the following errors were discovered. Classify each of the types of error below Transactions Type of Error 1. T Smith returned goods sold to him for 150. This transaction was debited to T Smith's personal account and credited to sales returns account. 2. A payment for electricity expense of 125 had been posted to the telephone account 3. A motor vehicle no longer required by the business was sold for 2,500 cash. This was debited to the bank but credited in error to the firm's sales account 4. Postage stamps, bought for 150 cash, had not been dealt with in the books of account. 5. The purchases account was underposted by 100 because the purchases day book had been undercast by 100. Wages of 1,400 in the cash book, which had been posted as 1,500 in the wages account, compensated for this