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Need help ASAP thank you! X Company, a merchandiser, had the following transactions...

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Accounting

Need help ASAP thank you!

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X Company, a merchandiser, had the following transactions in August: 1. Borrowed $22,000 from a bank. 2. Bought equipment costing $9,800, paying the manufacturer $5,500 in cash and promising to pay the remaining $4,300 next month. 3. Paid utility expenses of $5,062. 4. Purchased a $5,000, five-year insurance policy, paying for two years in advance. 5. Paid back a previous loan for $3,920. 7. If total liabilities on August 1 were $33,417, what were total liabilities on August 31 ? Tries 0/99 8. If total assets on August 1 were $73,500, what were total assets on August 31 ? Tries 0/99

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