X Company, a merchandiser, had the following transactions in August: Borrowed $24,000 from a bank. Bought equipment costing $9, 900, paying the manufacturer $5, 600 in cash and promising to pay the remaining $4, 300 next month. Paid a utility bill for $5, 721. Purchased a $6,000, five-year insurance policy, paying for two years in advance. Received $2, 206 from customers for merchandise that had to be ordered and would be delivered next month. Paid back a previous loan for $3, 520. If the balance in the cash account on August 1 was $38, 323, what was the balance on August 31? If total assets on August 1 were $73, 416, what were total assets on August 31? If total liabilities on August 1 were $30, 393, what were total liabilities on August 31