X Company, a merchandiser, had the following transactions in August:

Borrowed $29,000 from a bank.

Bought equipment costing $9,300, paying the manufacturer $5,100 in cash and promising to pay the remaining $4,200 next month.

Paid a utility bill for $5,726.

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

Received $2,084 from customers for merchandise that had to be ordered and would be delivered next month.

Paid back a previous loan for $3,270.

7. If the balance in the cash account on August 1 was $35,763, what was the balance on August 31?