Question: At December 3 1 , 2 0 1 4 , before any year - end adjustments, Dallis Company's Prepaid Insurance account had a balance of

At December 31,2014, before any year-end adjustments, Dallis
Company's Prepaid Insurance account had a balance of $2,900. It
was determined that $1,300 of the Prepaid Insurance had expired.
The adjusted balance for Insurance Expense for the year would
be:
$1,400.
$1,300.
$1,600.
$2,900.
At December 31,2014, before any year-end adjustments, Dallis Company's Prepaid Insurance

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