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The balance in the prepaid insurance account before adjustment at the end of the year...

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Basic Math

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The balance in the prepaid insurance account before adjustment at the end of the year is 15 090 Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustmer a The amount of insurance expired during the year is 11 470 If an amount box does not require an entry leave it blank Insurance Expense Prepaid Insurance Feedback Check My Work Insurance Expense Prepaid Insurance 38 b The amount of unexpired insurance applicable to future periods is 3 620 If an amount box does not require an entry leave it blank

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