con 11. VE X Company, a merchandiser, prepares monthly financial statements. On June 30, its accountant made adjusting entries to record: $5,957 of June interest on a bank loan to be paid in July $1,606 of wages that were earned by employees in June but to be paid in July $4,634 of rent and insurance for June that was prepaid on June 1 but had expired $3,638 of depreciation on factory equipment . a $2,507 June utility bill received in June, to be paid in July a shipment of products in June for which customers paid $1,240 in May 9 oen 6. What would be the effect of these entries on total assets in June? een Submit Answer Tries 0/3 11 7. What would be the effect of these entries on total liabilities in June? Submit Answer Tries 0/3 ce