Question 5 (2+4+2=8 Marks ) a. A trial balance proves that the company has recorded all transactions or that the ledger is correct. Do you agree? Justify your answer. b. The ledger of Hercules Company contains the following balances: Owner's Capital $50,000, Owner's Drawings $4,000, Service Revenue \$70,000, Salaries and Wages Expenses $40,000, and Maintenance and Repairs Expenses $9,000. Prepare the closing entries at December 31 . c. The total assets of Birch Company are $60,000. Owner's capital is $35,000; owner's drawings are $7,000; revenues, $52,000; and expenses, $35,000. What is the amount of the company's total liabilities