105:

Part 1 & 2 refer to the following information: X Company, a merchandiser, had the following transactions in August:

1. Borrowed $26,000 from a bank.

2. Bought equipment costing $10,300, paying the manufacturer $5,900 in cash and promising to pay the remaining $4,400 next month.

3. Paid utility expenses of $5,160.

4. Purchased a $5,000, five-year insurance policy, paying for three years in advance.

5. Paid back a previous loan for $3,650.

Part 1. If the balance in the cash account on August 1 was $35,002, what was the cash balance on August 31?

Part 2. If total equities on August 1 were $72,241, what were total equities on August 31?