eBook Show Me How Instructions Chart of Accounts Journal Instructions The balance in the prepaid insurance account, before adjustment at the end of the year, is $27,000. The year end is March 31. Journalize the March 31 adjusting entry required under ich of the following alternatives for determining the amount of the adjustment: (a) the amount of insurance expired during the year is $20,250; (b) the amount of unexpired insurance applicable to future periods is $6,750. Refer to the Chart of Accounts for exact wording of account titles.