4. The trial balance of Mistake Company shown below does not balance. Your review of the ledger reveals the following: (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated by P100. (c) A transposition error was made in Accounts Receivable; the correct balances for Accounts Receivable and Service Revenue are P2,750 and P6,690, respectively. (d) A debit posting to Advertising Expense of P300 was omitted. (e) A P1,500 cash drawing by the owner was debited to Mistake Capital, and credited to Cash. Mistake Company Trial Balance December 31, 2012 Debit Credit Cash P 4,800 Accounts Receivable 2,570 Prepaid Insurance 700 Equipment P 8,000 Accounts Payable 4,500 Property Tax Payable 560 Mistake, Capital 11,200 Service Revenue 6,960 Salaries Expense 4,200 Advertising Expense 1,100 Property Tax Expense 800 P20,890 P24,500