te for Prepaid Insurance The prepaid imbrance account had a balance of $3.900 at the beginning of the year. The account was debited for 59,900 for premiums on policies purchased during the year Tournaise the adjusting entry required at the end of the year for each of the following situations: a. The amount et unexpired insurance applicable to future periode is $1,700. If an amount box does not require an entry, teave It blank. The amount of insurance expired during the year is $17,100. an amount box does not require an entry, leave it blank