X Company, a merchandiser, had the following transactions in August: 1. Borrowed $29,000 from a bank. 2. Bought equipment costing $9,900, paying the manufacturer $5,600 in cash and promising to pay the remaining $4,300 next month. 3. Paid utility expenses of $5,343. 4. Purchased a $6,000, five-year insurance policy, paying for two years in advance. 5. Paid back a previous loan for $3,650. 7. If total liabilities on August 1 were $31,261, what were total liabilities on August 31 ? \begin{tabular}{|l|ll|l|} \hline \hline B: $60,911 & C: $68,829 & D:$77,777 & F:$99,314 \\ \hline \end{tabular} Tries 0/99 8. If total equities on August 1 were $74,523, what were total equities on August 31