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X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: . . $5,656 of September interest on
X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: . . $5,656 of September interest on a bank loan to be paid in October $1,707 of wages that were earned by employees in September but to be paid in October $4,563 of rent and insurance for September that was prepaid on September 1 but had expired $3,503 of depreciation on factory equipment a $2,921 September utility bill received in September, to be paid in October What would be the effect of these entries on total equities in September
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