X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: $5,814 of April interest on a bank loan to be paid in May $1,549 of wages that were earned by employees in April but to be paid in May $4,732 of rent and insurance for April that was prepaid on April 1 but had expired 1 $3,814 of depreciation on factory equipment a $2,571 April utility bill received in April, to be paid in May What would be the effect of these entries on total assets in April? A: 5-6,243 C: $-8,546 D: $-9,999 B: $-7,304 Tries 0/99 E: $-11,699 F: $-13,687 Submit Answer Communication Blocked