For each of the following errors, indicate whether the error would cause the accounting equation to be out of balance and, if so, indicate how it would be out of balance.
(a) The purchase of land for $37,750 cash was recorded as an increase in land of $37,750 and a decrease in cash of $3,775.
(b) The receipt of $4,000 for fees earned was recorded as an increase in cash of $4,000 and an increase in liabilities of $4,000.