89 The balance in the Prepaid Insurance account, before adjustments, is $1,800, and the amount expired during the year is $1,200. The amount needed for the adjusting entry required is $ a) 1,200 b) 2,400 c) 480 d) 600 90 A business pays weekly salaries(5 days work week) of $4,000 on Thursday. The amount of the adjusting entry necessary at the end of the fiscal period ending on Tuesday is 1.200 a b) c) d) 2,400 480 600