Indicate the effects (understated, overstated, or no effect) that each of these transactions will have on the total assets, total liabilities, total shareholders equity on the statement of financial position and total revenues, total expenses, and net profit in the income statement for the month of January.

(a) Made a payment for general repairs to the building but mistakenly debited the Buildings (asset) account.

(b) Recorded the collection of an account receivable by debiting Cash and crediting a revenue account.

(c) Correctly recorded revenue earned on account, however, the accounting supervisor did not realize that you have already recorded the transaction and recorded it again.

(d) Recorded the purchase of a new truck as a debit to Truck Expense and a credit to Cash.

(e) Recorded cash payment for utilities by debiting Repairs Expense and crediting Accounts Payable.