I need help with a problem regarding the following data. I need to find Revenue, expenses, total assets, total liabilities, total owner's equity and total net income:

Aug 1 Total $700,000
Aug 3 borrowed $24,000 from bank
Aug 7 bought merchandise on account for $38000
Aug 10 paid $14,000 cash for operating expenses
Aug 14 received $100,000 in cash sales
Aug 17 paid $28000 owed on accounts payable
Aug 21 collected $34,000 on accounts receivable
Aug 24 repaid $20,000 to the bank plus $400 interest.
Aug 29 paid Kenisha Morgan a cash dividend of $10,000

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Announcement:

If you'll start by writing journal entries, we can help you from there. Post your entries and we'll check them. Thanks.