s 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: $5,943 of April interest on a bank loan to be paid in May $1,821 of wages that were earned by employees in April but to be paid in May $4,842 of rent and insurance for April that was prepaid on April 1 but had expired $3,737 of depreciation on factory equipment a $2,597 April utility bill received in April, to be paid in May a shipment of products in April for which customers paid $1,130 in March 6. What would be the effect of these entries on total assets in April? OA: $-8,579 OB: $-12,440 OC: $-18,037 OD: $-26,154 OE: $-37,924 OF: $-54,989 Submit Answer Tries 0/99 7. What would be the effect of these entries on total liabilities in April? A: $4,390 Submit Answer B: $6,366 C: $9,231 OD: $13,385 OE: $19,408 F: $28,142 Tries 0/99