The prepaid insurance account had a beginning balance of $6,430 and was debited for $3,540 of premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $2,790. If an amount box does not require an entry, leave it blank. Insurance Expense Prepaid Insurance 0 X 0

The prepaid insurance account had a beginning balance of $6,430 and was debited for $3,540 of premlums paid during the year Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $2,790. If an amount box does not require an entry, leave it blank