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X Company prepares monthly financial statements. In March, itsaccountant recorded entries as follows:

made an adjusting entry for $2,439 of unpaid interest on a bankloan

recorded $3,794 for wages paid

made an adjusting entry for $542 of wages that were earned byemployees but not paid

made an adjusting entry for $1,990 of insurance that hadexpired

recorded $1,760 that was received from a customer formerchandise that X Company special ordered and agreed to deliver inApril.

As a result of these entries, total equities decreased by:

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Patrina Schowalter
Patrina SchowalterLv2
28 Sep 2019

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