Question; how was Net Income in September affected by these entries?

2021 - Survey of Accounting Concepts in Menu Contents Grades Course Contents > EXAM 3 > Timer Notes Evaluate Feedback mpany prepares monthly financial statements. The following transactions occurred on Septem paid the premium for the first year of a $5,000, five-year insurance policy, paid cash for equipment that cost $20,000; the equipment has a life of four years and salvag value at that time of $2,000, and borrowed $28,000 from a bank that will be repaid on December 31, along with interest of $1 per month. accountant made entries to record the transactions on September 1 and the adjustments on ember 30. How was Net Income in September affected by these entries. : $-90 OB: $-130 OC: $-189 OD: $-274 OE: $-397 OF: $-575