eBook Show Me How Adjusting Entries for Prepaid Insurance The balance in the prepaid insurance account, before adjustment at the end of the year, is $12, 110. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: a. The amount of insurance expired during the year is $9,200. b. The amount of unexpired insurance applicable to future periods is $2,910. Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $33,500 on Friday for a five-day workweek ending ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Tuesday. b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday