Adjusting Entries for Prepaid Insurance

The balance in the prepaid insurance account, before adjustment at the end of the year, is $$11,570.$

Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment:

If an amount box does not require an entry, leave it blank.

a$.$ The amount of insurance expired during the year is $$8,790.$

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$-$

$-$

$-$

b$.$ The amount of unexpired insurance applicable to future periods is $$2,780$

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$-$

$-$

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