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Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made djusting entries to record: . . $5,826 of September interest on a
Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made djusting entries to record: . . $5,826 of September interest on a bank loan to be paid in October $1,955 of wages that were earned by employees in September but to be paid in October $4,615 of rent and insurance for September that was prepaid on September 1 but had expired $3,756 of depreciation on factory equipment a $2,805 September utility bill received in September, to be paid in October a shipment of products in September for which customers paid $1,210 in August . What would be the effect of these entries on total equities in September? Tries 0/3 What would be the effect of these entries on total liabilities in September? Tries 0/3
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