Company prepares monthly financial statements. Its accountant recorded the following October 1 transactions and the appropriate adjusting entries on October 31: 1 On October 1, the company paid rent for the final three months of the year. Rent w $1,175 per month 2. On October l the company purchased equipment that cost $10,000, borrowing the full amount from a bank. The equipament has a life of three years and a salvage value at that time of $1,000. The company will repay the loan on December 31, along with interest at $100 per month psWhat was the effect of the accountant's entries on total assets? AO 6.222 BO 88.275 CO $11.006 DO $11.638 EO $19.468FO $25.883 8 pt. What was the effect of the accountants entries on Net Income in October 9. AO S-1,829 BO 8-2,067 CO 8-2,335 DO 8-2,649 EO 8-2,982 FO $-3,870