X Company, a merchandiser, prepares monthly financial statements. On September 30, its accountant made adjusting entries to record: . . $5,969 of September interest on a bank loan to be paid in October $1,800 of wages that were earned by employees in September but to be paid in October $4,926 of rent and insurance for September that was prepaid on September 1 but had expired $3,653 of depreciation on factory equipment . a $2,985 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: $-8,818 OB: $-10,317 OC: $-12,071 OD: $-14,123 OE: $-16,524 OF: $-19,333 Submit Answer Tries 0/99