help! is this correct if bot olease correct it

Credit Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Adjusting Entry Dobit Insurance expense 1,600 Prepaid insurance 1,600 c. Prepaid Rent. On September 1 of the current year, the company prepald $40,800 for two years of rent for facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $40,800. Step 1: Determine what the current account balance equals. DR or CR? 40,800 Debit Prepaid rent 40,800 $ 5, 100 Step 2: Determine what the current account balance should equal. $ 34,000 Debit 34,000 Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Rent expense 5,100 Prepaid rent Credit 5,100