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questions (points vary by question). Show calculations for partial credit and make sure you note any assumptions that you make. You have 80 minutes to complete the exam. D Question 7 5 pts Record the following transactions on the horizontal spreadsheet below. For each transaction, identify the letter(s) and the amount that would be recorded. You may ignore all accounts that are not used to record the transaction. On October 15, V Company purchased supplies worth $43,000 for cash and $30,000 worth of supplies on account (credit) On December 31, V Company adjusted supplies to recognize the $27,000 of supplies left on hand at the end of the year. Balance Sheet Income Statement Prepaid Utilities Salaries Unearned Common Retained Net Cash Supplies Revenue Expense Insurance Payable Payable Revenue Stock Earnings Income 0/15 A B C D E F G H C K L N Q R S T U V31 M O P V