Determine the effect of the following errors on a company’s total evenue, total expenses, and net income. Indicate the effect by listing O for “over¬

stated (too much),” U for “understated (too little),” or NA for “not affected.”

tern 0 is provided as an example.

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0. Example: A check for $326 was written in payment of a charge account. The accountant debited Utilities Expense for $326 and credited Cash for $326. a. $440 was received from charge customers. The accountant debited Cash for $440 and credited Income from Services for $440. b. The owner withdrew $930 for personal use. The accountant debited Salary Expense for $930 and credited Cash for $930. c. A check for $1,540 was written to pay rent for the month. The accountant debited Rent Expense for $1,450 and credited Cash for $1,450. d. $2,400 was received from cash customers. The accountant debited Cash for $2,400 and credited the owner's Capital account for $2,400. e. A check for $96 was written in payment of the owner's personal clothing bill. The accountant debited Miscellaneous Expense for $96 and credited Cash for $96. Total Total Net Revenue Expenses Income NA U