62.

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

1. Borrowed $20,000 from a bank.

2. Bought equipment costing $9,600, paying the manufacturer $5,000 in cash and promising to pay the remaining $4,600 next month.

3. Paid utility expenses of $5,909.

4. Purchased a $6,000, five-year insurance policy, paying for two years in advance.

5. Paid back a previous loan for $3,320.

Part 1: If total liabilities on August 1 were $31,834, what were total liabilities on August 31?

A: $38,800

B: $45,397

C: $53,114

D: $62,143

E: $72,708

F: $85,068

Part 2: If total equities on August 1 were $72,442, what were total equities on August 31?

A: $60,859

B: $68,770

C: $77,711

D: $87,813

E: $99,229

F: $112,128