The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,630. Journalize the adjusting entry required under each of the following alterna rives for determining the amount of the adjustment: (a) the amount of insurance expired OB). 3-6 Adjusting entries for prepaid insurance to future during the year is $15,300; (b) the amount of unexpired insurance applicable periods is $3,330