X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: . . $5,931 of April interest on a bank loan to be paid in May $1,911 of wages that were earned by employees in April but to be paid in May $4,761 of rent and insurance for April that was prepaid on April 1 but had expired $3,604 of depreciation on factory equipment a $2,600 April utility bill received in April, to be paid in May . What would be the effect of these entries on total assets in April? OA: $-7,403 B: $-8,365| OC: $-9,452|| OD: $-10,681 OE: $-12,070|| OF: $-13,639 Submit Answer Tries 0/99