The balance in the prepaid insurance account, before adjustment at the end of the year, is $14,170. 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 $10,770. If an amount box does not require an entry, leave it blank. Debit Credit Account b. The amount of unexpired insurance applicable to future periods is $3,400. If an amount box does not require an entry, leave it blank. Account Debit Credit