The book-keeper has extracted a trial balance on 30 April 2017 Even though both the debit and credit totals agree, it contains errors which were not revealed by the trial balance. The following errors were subsequently found 1) Purchase of goods from on credit from Kim $600 entered in Lim's account in error 2) Cash drawings $1.200 not recorded in the books 3) Purchase of office equipment $8.000 entered in purchases account 4) Discounts received $300 entered on the credit side of the discounts allowed account 5) Cheque received from Tomy $1.000 being debited to Tomy account and credited to bank account 6) Bought stationery with cash $102 being entered in the accounts as $120

REQUIRED: (a) Identify the type of error that had been made in each of the above transactions (b) Show the journal entries necessary to correct each of the above errors in transactions (c) State the effect of on the net profit after the correction of each of the above errors