Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.

1. Buy $15,000 worth of manufacturing supplies on credit

2. Issue $85,000 in stock

3. Borrow $63,000 from a bank

4. Pay $5,000 owed to a supplier

5. Receive payment of $12,000 owed by a customer

6. Purchase equipment for $44,000 in cash

7. Pay $7,000 owed to a supplier What is the net change in Total Liabilities?

I think the answer is 66,000, but want to make sure.