Brief Exercise 2-9 From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2017. All account balances are normal Accounts Payable $9,600, Cash $7,200, Owner's Capital $16,400, Owner's Drawings $2,700, Equipment $16,900, Service Revenue $11,500, Accounts Receivable $4,500, Salaries and Wages Expense $3,700, and Rent Expense $2,500. AMARO COMPANY Trial Balance Brief Exercise 2-9 Accounts Payable Accounts Receivable Advertising Expense Buildings Debit Credit Equipment Furnitures and Fixtures Gasoline Expense Insurance Expense Land Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Owner's Capital Owner's Drawings Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Expense Unearned Service Revenue Utilities Expense Exercise 2-1 Kim Yi has prepared the following list of statements about accounts. Identify each statement as true or false. 1. An account is an accounting record of either a specific asset or a specific liability 2. An account shows only increases, not decreases, in the item it relates to. 3. Some items, such as Cash and Accounts Receivable, are combined into one account. 4. An account has a left, or credit side, and a right, or debit side. A simple form of an account consisting of just the account tide, the left side, and the right side, is called a T-account