The prepaid insurance account had a balance of 5 900 at the

Last updated: 10/10/2023

The prepaid insurance account had a balance of 5 900 at the beginning of the year The account was debited for 6 500 for premiums on policies purchased during the year Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment a The amount of unexpired insurance applicable to future periods is 1 100 If an amount box does not require an entry leave it blank Insurance Expense Prepaid Insurance Feedback Check My Work b The amount of insurance expired during the year is 11 300 If an amount box does not require an entry leave it blank Insurance Expense Prepaid Insurance