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: . $5,753 of June interest on a bank loan to be paid in July . $1,505 of wages that were earned by employees in June but to be paid in July . $4,706 of rent and insurance for June that was prepaid on June 1 but had expired $3,557 of depreciation on factory equipment a $2,766 June utility bill received in June, to be paid in July a shipment of products in June for which customers paid $1,080 in May 6. What would be the effect of these entries on total equities in June? A: $-4,485 OB: $-5,068 OC: $-5,727 OD: $-6,471 E: $-7,312 OF: $-8,263 18 Tries 0/99 7. What would be the effect of these entries on total liabilities in June? OA: $5,584 OB: $6,534 OC: $7,644 OD: $8,944 OE: $10,464 OF: $12,243 Tries 0/99