Company, a merchandiser, prepares monthly financial statements. On June 30, its accountant made adjusting entries to record: $5,529 of June interest on a bank loan to be paid in July $1,714 of wages that were earned by employees in June but to be paid in July $4,963 of rent and insurance for June that was prepaid on June 1 but had expired $3,902 of depreciation on factory equipment a $2,818 June utility bill received in June, to be paid in July a shipment of products in June for which customers paid $1,160 in May 6. What would be the effect of these entries on total assets in June? OA: $-2,130 OB: $-2,833 C: $-3,768 OD: $-5,012 OE: $-6,665 OF: $-8,865 Submit Answer Tries 0/99 7. What would be the effect of these entries on total liabilities in June? OA: $7,608 OB: $8,901 OC: $10,414 OD: $12,185 E: $14,256 OF: $16,679 Tries 0/99 Submit