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: $5,816 of April interest on a bank loan to be paid in May $1,551 of wages that were earned by employees in April but to be paid in May $4,728 of rent and insurance for April that was prepaid on April 1 but had expired $3,823 of depreciation on factory equipment a $2,968 April utility bill received in April, to be paid in May a shipment of products in April for which customers paid $1,060 in March 6. What would be the effect of these entries on total assets in April? OA: $-4,378 OB: $-5,473 OC: $-6,841 D: $-8,551 OE: $-10,689 OF: $-13,361 Tries 0/99 7. What would be the effect of these entries on total liabilities in April? A: $8,208 OB: $9,275 OC: $10,481 OD: $11,843 OE: $13,383 OF: $15,123 Tries 0/99