X Company, a merchandiser, prepares monthly financial statements. On June 30, its accountant made adjusting entries to record: $5,752 of June interest on a bank loan to be paid in July $1,742 of wages that were earned by employees in June but to be paid in July $4,538 of rent and insurance for June that was prepaid on June 1 but had expired $3,792 of depreciation on factory equipment a $2,507 June utility bill received in June, to be paid in July a shipment of products in June for which customers paid $1,260 in May 6. What would be the effect of these entries on total equities in June? OA: $-5,109 OB: $-5,773 OC: $-6,524 OD: $-7,372 OE: $-8,330 OF: $-9,413 Tries 0/99 7. What would be the effect of these entries on total liabilities in June? OA: $6,845 OB: $7,735 OC: $8,741 OD: $9,877 OE: $11,161 OF: $12,612 Tries 0/99