X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,916 of September interest on a bank loan to be paid in October $1,931 of wages that were earned by employees in September but to be paid in October $4,662 of rent and insurance for September that was prepaid on September 1 but had expired $3,512 of depreciation on factory equipment . a $2,755 September utility bill received in September, to be paid in October What would be the effect of these entries on Net Income in September? OA: $-8,930 OB: $-12,949 C: $-18,776 OD: S-27,225 OE: 9-39,477 OF: S-57,241 Submit Answer Tries 0/99