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What would be effect of these entries on total liabilities

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Question - X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record:

$5,632 of April interest on a bank loan to be paid in May

$1,694 of wages that were earned by employees in April but to be paid in May

$4,918 of rent and insurance for April that was prepaid on April 1 but had expired

$3,639 of depreciation on factory equipment

a $2,608 April utility bill received in April, to be paid in May

Required - What would be the effect of these entries on total liabilities in April?

Reference no: EM133091715

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