3) 6 Help Save & E MC Qu. 33 On December 31, 2017, Coolwear, Inc. had a... On December 31, 2017, Coolwear, Inc, had a balance in its prepaid insurance account of $59,400. During 2018, $97000 was paid for insurance. At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was 47500. Insurance expense for 2018 would be: Mutiple Choice $108,900 $97000. $156.400. Pre 9 af 35 I Next >