What is the effect of entries on total assets and total liabilities?

. X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,800 of September interest on a bank loan to be paid in October $1,639 of wages that were earned by employees in September but to be paid in October $4,762 of rent and insurance for September that was prepaid on September 1 but had expired $3,802 of depreciation on factory equipment a $2,509 September utility bill received in September, to be paid in October a shipment of products in September for which customers paid $1,030 in August . 6. What would be the effect of these entries on total assets in September? Submit Answer Tries 0/3 7. What would be the effect of these entries on total liabilities in September? Submit Answer Tries 0/3