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? A: $-8,930 B: $-12,949 OC: $-18,776 OD: $-27,225 OE: $-39,477 OF: $-57,241 Submit Answer Answer Submitted: Your final submission will be graded after the due date. Tries 1/99 Previous Tries