What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $8,850 before adjustment and the unexpired amount per analysis of policies is. $3,800? Multiple Choice Debit insurance Expense, $3,800, crede Prepaid Insurance. $3,300 O Debit Insurance Expense. $5.050: credit Prepaid Insurance $5.050 Debit Prepaid insurance $5.050, credit Insurance Expense,55,050