The Amount Of Insurance Expired During The Year Is. Total insurance expense paid = 12000. Ex.03.03.algo the balance in the prepaid insurance account, before adjustment at the end of the year, is $17,930.
(a) the amount of unexpired insurance applicable to future periods is $4,800; Insurance premiums expired during the year, $315. If the unexpired balance of the policies at the end of the year totals $800, what amount will.