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4. At December 31, 2016, before any year-end adjustments, Obama Company's Insurance Expense account had a balance of $2,600 and its Prepaid Insurance account had

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4. At December 31, 2016, before any year-end adjustments, Obama Company's Insurance Expense account had a balance of $2,600 and its Prepaid Insurance account had a balance of $7,600. It was determined that $3,200 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be a. $2,600. b. $4,400. c. $3,200. d. $5,800

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