X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: $5,805 of April interest on a bank loan to be paid in May $1,734 of wages that were earned by employees in April but to be paid in May. $4,521 of rent and insurance for April that was prepaid on April 1 but had expired $3,891 of depreciation on factory equipment a $2,710 April utility bill received in April, to be paid in May a shipment of products in April for which customers paid $1,300 in March 6. What would be the effect of these entries on total assets in April? A: $-4,001 Submit Answer B: $-5,801 Tries 0/99 C: $-8,412 D: $-12,197 E: $-17,686 F: $-25,645 7. What would be the effect of these entries on total liabilities in April? A: $3,804 B: $5,059 C: $6,729 D: $8,949 E: $11,902 F: $15,830 Submit Answer Tries 0/99