X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: $5,811 of September interest on a bank loan to be paid in October $1,642 of wages that were earned by employees in September but to be paid in October $4,828 of rent and insurance for September that was prepaid on September 1 but had expired $3,744 of depreciation on factory equipment . a $2,556 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: $-18,581 B: $-23,226 OC: $-29,033 OD: $-36,291 OE: $-45,364 OF: $-56,705