LO 3 Adjusting Entries for Prepaid Insurance E4A. An examination of the Prepaid Insurance account shows a balance of S10,280z the end of an accounting period, before adjustment. Prepare journal entries to re cond 1. An examination of the insurance policies shows unexpired insurance that cost $4 at the end of the period. 2. An examination of the insurance policies shows insurance that cost $1,735 has expired during the period