I. John Peter Margallo, owner of JP Golf Range, gave you the following trial balance dated June 30, which you should correct based on the additional information: The foll a) Payment of P6 500 to anscovered which you are to analyse so you can correct the trial balance. to accounts payable and account supplier was correctly journalized but was posted as a credit b) A transaction was credit a credit to cash for the correct amount. receivable. c) A P1,500 debit entry to utilities expense was not posted. d) A P500 debit entry to furniture was posted twice. e) A payment of P25,000 was correctly journalized but posted as a credit to cash of P52,000. f) A withdrawal of P1,000 by the owner was journalized and posted as a debit to the capital account. The following analysis was prepared by the accountant for each of then above errors. Write yes if you agree or no if you don't. a) This overstated the accounts payable. b) This overstated both the revenue account and receivable account. c) This understated the trial balance debit total. d) This overstated the trial balance debit total. e) This understated the cash by P27,500. f) This understated the capital account and drawing account