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

Borrowed $24,000 from a bank.

Bought equipment costing $10,400, paying the manufacturer $5,700 in cash and promising to pay the remaining $4,700 next month.

Paid a utility bill for $5,929.

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

Received $2,290 from customers for merchandise that had to be ordered and would be delivered next month.

Paid back a previous loan for $3,660.

7. If the balance in the cash account on August 1 was $38,701, what was the balance on August 31?

8. If total assets on August 1 were $73,234, what were total assets on August 31?

9. If total liabilitiess on August 1 were $34,439, what were total liabilities on August 31?