URGENT! Please answer both parts!

XCompany, a merchandiser, had the following transactions in August: 1. Borrowed $26,000 from a bank. 2. Bought equipment costing $10,700, paying the manufacturer $5,800 in cash and promising to pay the remainlng $4,900 next month. 3. Paid utility expenses of $5,398. 4. Purchased a $5,000, five-year insurance policy, paying for two years in advance. 5. Paid back a previous loan for $3,560