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The balance in the prepaid insurance account, before adjustment at the end of the year, is $ 2 2 , 5 0 0 . ?Journalize

The balance in the prepaid insurance account, before adjustment at the end of the year, is $22,500. ?Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment:Question Content Areaa. The amount of insurance expired during the year is $18,000. ?If an amount box does not require an entry, leave it blank.blankAccountDebitCreditblankQuestion Content Areab. The amount of unexpired insurance applicable to future periods is $4,500. ?If an amount box does not require an entry, leave it blank.blankAccountDebitCreditblank

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