X Company, a merchandiser, had the following transactions in August: 1. Borrowed $30,000 from a bank. 2. Bought equipment costing $10,000, paying the manufacturer $6,000 in cash and promising to pay the remaining $4,000 next month. 3. Paid utility expenses of $5,805. 4. Purchased a $5,000, five-year insurance policy, paying for three years in advance. 5. Paid back a previous loan for $3,020. 7. If total liabilities on August 1 were $33,142, what were total llabilities on August 31 ? Tries 0/99