Questions 6 and 7 refer to the following information: X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: . $5,797 of April interest on a bank loan to be paid in May $1,630 of wages that were earned by employees in April but to be paid in May . $4,845 of rent and insurance for April that was prepaid on April 1 but had expired $3,981 of depreciation on factory equipment a $2,740 April utility bill received in April, to be paid in May . a shipment of products in April for which customers paid $1,190 in March 6. What would be the effect of these entries on total assets in April? OA: $-8,826 OB: $-10,326 OC: $-12,082 OD: $-14,136 OE: $-16,539 OF: $-19,351 Tries 0/99 7. What would be the effect of these entries on total liabilities in April? OA: $6,191 OB: $8,977 OC: $13,017 OD: $18,874 OE: $27,368 OF: $39,683