Adjusting Entries for Prepaid Insurance The balance in the prepaid insurance account, before adjustment at the end of the year, is $19,800. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: a. The amount of insurance expired during the year is $15,050. b. The amount of unexpired insurance applicable to future periods is $4,750. Check My Work Journalize the adjusting entry required under each of the following alternatives for d a. The amount of insurance expired during the year is $15,050. Accounts Payable Accounts Receivable b. ed insurance applicable to future periods is $4,750. Cash Insurance Expense Insurance Payable Insurance Receivable Insurance Revenue Prepaid Insurance a. The amount of insurance expired during the year is $15,050. Accounts Payable b. ed insurance applicable to future periods is $4,750. Accounts Receivable Cash Insurance Expense Insurance Payable Insurance Receivable Insurance Revenue Prepaid Expense Prepaid Insurance b. The amount of unexpired insurance applicable to future periods is $4,750. Accounts Payable Accounts Receivable Cash Insurance Expense Insurance Payable Insurance Receivable Insurance Revenue Prepaid Insurance Check My Work BDOOR Show Me How Print Item Ad id Insurance Accounts Payable Th Accounts Receivable insurance account, before adjustment at the end of the year, Jo Cash try required under each of the following alternatives for dete a. Insurance Expense ce expired during the year is $15,050. Insurance Payable Insurance Receivable Insurance Revenue b. Prepaid Expense ed insurance applicable to future periods is $4,750. Prepaid Insurance