Chapter 3. Homework i Saved Help Save & Exit Submit a. Prepaid Insurance. The Prepaid Insurance account has a $5,000 debit balance to start the year. A review of insurance policies shows that $1,050 of unexpired insurance remains at year-end. 4.5 points eBook Hint References Step 1: Determine what the current account balance equals. b. Prepaid Insurance. The Prepaid Insurance account has a $6,190 debit balance at the start of the year. A review of insurance policies shows $1,160 of insurance has expired by year-end. Step 1: Determine what the current account balance equals. $ 6,190 {:[" DR or CR? "],[" Debit "]:} Prepaid Insurance 6,190 6,190 Step 2: Determine what the current account balance should equal. $ 5,030