31. Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance shoul Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 d equal. Assume no other adjusting entries are made during the year repaid Insurance. The Prepaid Insurance account has a $5,700 debit balance to start the year. A payments shows that $1,400 of unexpired insurance remains at year-end and DR or CR? Step 1: Determine what the current account balance equals Step 2. Determine what the current account balance should equal. Step 3: Record the December 31, adjusting entry to get from step 1 to step 2 $ 5,700 Debit 1,400 Debi Adjusting Entry Debit Credit Insurance Expense Prepaid Insurance 4,30 b.Prepaid Insurance. The Prepaid Insurance account has a $6,890 debit balance at the start of the ye Prev 4 of 10111.. Next > earch 31. Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance shoul Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 d equal. Assume no other adjusting entries are made during the year repaid Insurance. The Prepaid Insurance account has a $5,700 debit balance to start the year. A payments shows that $1,400 of unexpired insurance remains at year-end and DR or CR? Step 1: Determine what the current account balance equals Step 2. Determine what the current account balance should equal. Step 3: Record the December 31, adjusting entry to get from step 1 to step 2 $ 5,700 Debit 1,400 Debi Adjusting Entry Debit Credit Insurance Expense Prepaid Insurance 4,30 b.Prepaid Insurance. The Prepaid Insurance account has a $6,890 debit balance at the start of the ye Prev 4 of 10111.. Next > earch