Question
Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,954 of September interest on a bank loan
Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,954 of September interest on a bank loan to be paid in October $1,999 of wages that were earned by employees in September but to be paid in October $4,699 of rent and insurance for September that was prepaid on September 1 but had expired $3,910 of depreciation on factory equipment a $2,582 September utility bill received in September, to be paid in October a shipment of products in September for which customers paid $1,070 in August What would be the effect of these entries on total equities in September? A: $-1,343 $-1,948 C: $-2,824 D: $-4,095 E: $-5,937 OF: $-8,609 Submit Answer Tries 0/99 What would be the effect of these entries on total liabilities in September? A: $7,412 B: $8,376 OC: $9,465 OD: $10,695 E: $12,086 OF: $13,657 Submit Answer Tries 0/99
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