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Help Save & Exit On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $66,400. During 2021, $104,000 was paid

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Help Save & Exit On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $66,400. During 2021, $104,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $51.000. Insurance expense for 2021 was

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