If an amount box does not require an entry, leave it blank. Question Content Area a. The amount of unexpired insurance applicable to future periods is $4,800. blank Insurance Expense Insurance Expense 32,500 Insurance Expense Prepaid Insurance Prepaid Insurance Prepaid Insurance Feedback Area Feedback Set up a Prepaid Insurance T-account. Consider each situation by recalling that prepaid insurance expires and becomes an expense with the passage of time. The insurance expense is the amount needed to