Adjusting Entries for Unearned Fees The balance in the unearned fees account, before adjustment at the end of the year, is $31,355. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $14,110. If an amount box does not require an entry, leave it blank. 188 Adjustment for Prepaid Expense The prepaid insurance account had a beginning balance of $4,580 and was debited for $2,020 of premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $1,580. If an amount box does not require an entry, leave it blank. Il ll