X Company, a merchandiser, prepares monthly financial statements. On June 30, its accountant made adjusting entries to record: $5,681 of June interest on a bank loan to be paid in July $1,648 of wages that were earned by employees in June but to be paid in July $4,731 of rent and insurance for June that was prepaid on June 1 but had expired $3,687 of depreciation on factory equipment a $2,715 June utility bill received in June, to be paid in July . . What would be the effect of these entries on total assets in June? A: $-6,149| OB: $-7,195| OC: $-8,418|| OD: $-9,849|| OE: $-11,523|| OF: $-13,482 Submit Answer Tries 0/99