X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: . . $5,523 of April interest on a bank loan to be paid in May $1,624 of wages that were earned by employees in April but to be paid in May $4,625 of rent and insurance for April that was prepaid on April 1 but had expired $3,989 of depreciation on factory equipment a $2,999 April utility bill received in April, to be paid in May What would be the effect of these entries on total equities in April? A: $-8,614 B: $-10,768 | OC: $-13,459 OD: $-16,824| OE: $-21,030|| OF: $-26,288