The accountants of Bloom Septic Service, a proprietorship, encountered the following situations while adjusting and closing the books at February 28. Consider each situation independently. a. The 1,620 balance of Utilties expense was entered as P16,200 on the trial balance. (1) Assume that this is the only error in the trial balance. Which will be greater, the total debits or the total credits, and by how much? (2 points) (2) How can this type of error be identified? (2 points) b. A P690 credit to Accounts Receivable was posted as P960. (3) At what stage of the accounting cycle will this error be detected? (2 points) (4) How can this be corrected? (2 points) c. The accountant failed to make the following adjusting entries at February 28: Accrued service revenue, P900 Insurance Expense, P360 Accrued interest expense on a note payable, P520 Depreciation of equipment, P3,700 Earned service revenue that had been collected in advance, P2,700 O . O (5) Compute the overall net income effect of these ommissions (Indicate whether the net income will be understated or overstated and by how much).(2 points)