Please check my work and provide the answer.

Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year. Answer is complete but not entirely correct. a. Prepaid Insurance. The Prepaid Insurance account has a $5,700 debit balance to start the year. A review of insurance policies shows that $1,900 of unexpired insurance remains at year-end. DR or Prepaid Insurance CR? Debit $ 4.800 Step 1: Determine what the current account balance equals. 4.800 4.800 Step 2: Determine what the current account balance should equal. $ 6.700 Debit > 6.700 Credit Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Insurance Expense 4.800 Prepaid Insurance 4.800 b. Prepaid Insurance. The Prepaid Insurance account has a $7.890 debit balance at the start of the year. A review of insurance policies shows $1.840 of insurance has expired by year-end. DR or Prepaid Insurance CR? $ 7,889 * Debit Step 1: Determine what the current account balance equals. 7.889 7.889 $ Step 2: Determine what the current account balance should equal. 7.889 * Debit 7.889 > Credit Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Insurance Expense 7,889 X Prepaid Insurance 7.889 c. Prepaid Rent. On September 1 of the current year, the company prepaid $48,000 for two years of rent for facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $48.000 DR or CR? Prepaid Rent Step 1: Determine what the current account balance equals. $ 48.000 Debit 48.000 48,000 Step 2: Determine what the current account balance should equal. $ 48.000 Debit 48,000 Credit Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Rent Expense 48,000 X Prepaid Rent OO 48.000