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: $5,808 of April interest on a bank loan to be paid in May $1,608 of wages that were earned by employees in April but to be paid in May $4,659 of rent and insurance for April that was prepaid on April 1 but had expired $3,592 of depreciation on factory equipment a $2,997 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 equities in April? Submit Answer Tries 0/3 7. What would be the effect of these entries on total liabilities in April? Submit Answer Tries 0/3