s 6 and 7 refer to the following information: X Company, a merchandiser, prepares monthly financial statements. On June 30, its accountant made adjusting entries to record: . $5,605 of June interest on a bank loan to be paid in July $1,750 of wages that were earned by employees in June but to be paid in July $4,670 of rent and insurance for June that was prepaid on June 1 but had expired $3,976 of depreciation on factory equipment. a $2,654 June utility bill received in June, to be paid in July a shipment of products in June for which customers paid $1,220 in May 6. What would be the effect of these entries on total equities in June? A: $-7,390 OB: $-8,646 DC: $-10,116 OD: $-11,836 OE: $-13,848 OF: $-16,202 Submit Answer Tries 0/99 7. What would be the effect of these entries on total liabilities in June? OA: $4,770 OB: $5,390 OC: $6,091 OD: $6,883 OE: $7,778 OF: $8,789 Submit Answer Tries 0/99