Question: As at December 3 1 , 2 0 2 0 , before any year - end adjustments, Cable Car Company's Insurance Expense account had a

As at December 31,2020, before any year-end adjustments, Cable Car Company's Insurance Expense account had a balance of $1,450 and its Prepaid Insurance accounthad a balance of $3,800. It was determined that $3,000 of the Prepaid Insurance had expired.
The adjusted balance for Insurance Expense for the year would be

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