Question: Help with this accounting question. Question 8 5 pts Record the following transactions on the horizontal spreadsheet below. For each transaction, identify the transaction. letter(s)

Help with this accounting question.

Question 8 5 pts Record the following transactions on the horizontal spreadsheet below. For each transaction, identify the transaction. letter(s) and the amount that would be recorded. You may ignore all accounts that are not used to record the On August 1, V Company prepaid $18,000 cash for 1 year of insurance. On December 31, V Company adjusted insurance to record the amount used for the year. Balance Sheet Income Statement Prepaid Cash Supplies Utilities Salaries Unearned Common Retained Insurance Net Payable Payable | Revenue Stock Earnings Revenue Expense Income 08/01 A B C D E F G H J K 12/31 L M N O P Q R S T U V

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