e. The Prepaid Insurance account had an $11,200 debit balance at December 31, 2011, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $9,200 of coverage had expired. e. The Prepaid Insurance account had an $11,200 debit balance at December 31, 2011, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $9,200 of coverage had expired