Adjusting Entries for Prepaid Insurance

The prepaid insurance account had a balance of $$3,000$ at the beginning of the year. The account was debited for $$32,500$ for premiums on policies purchased during the year. 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 unexpired insurance applicable to future periods is $$4,800.$