Adjusting Entries for Prepaid Insurance The balance in the prepaid insurance account, before adjustment at the end of the year, is $27,000. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: .. The amount of insurance expired during the year is $20,250. If an amount box does not require an entry, leave it blank. b. The amount of unexpired insurance applicable to future periods is $6,750. If an amount box does not require an entry, leave it blank, Adjusting Entries for Unearned and Accrued Fees The balance in the unearned fees account, before adjustment at the end of the year, is $97,770 of these fees, $39,750 have been earned. In addition, $24,650 of fees have been earned but have not been billed. a. Journalize the adjusting entry to adjust the unearned fees account. It an amount box does not require an entry, leave it blank. b. Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank