At Hébert Company, the following errors were discovered aft er the transactions had been journalized and posted:

Question:

At Hébert Company, the following errors were discovered aft er the transactions had been journalized and posted:
1. A collection of cash on account from a customer for $750 was recorded as a debit to Cash of $750 and a credit to Service Revenue of $750.
2. An invoice to a customer for $600 of services on account was recorded as a $600 debit to and a $600 credit to Unearned Revenue.
3. A $500 cash payment to the owner, Roch Hébert, was recorded as a debit to Salary Expense of $500 and a credit to Cash of $500.
4. The payment of cash to a creditor of $280 was recorded as a $280 credit to and a $280 debit to Cash.
Indicate the impact of each error on the balance sheet and income statement by stating whether assets, liabilities, owner's equity, revenues, expenses, and profit are understated (U), overstated (O), or if there is no effect (NE). Use the following format, in which the answer for the first error is given as an example:

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