please help with answers and steps

For each separate case below, follow the three-step process for adjusting the prepaid asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. a. Prepaid Insurance. The Propold Insurance account has a $6,300 debit balance to start the year. A review of insurance policies shows that $1,700 of unexpired insurance remains at yoar-ond. DR or CR? Prepaid Insurance $ Step 1: Determine what the current account balance equals. 6,300 0 Step 2: Determine what the current account balance should equal. $ 1,700 Debit Credit Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Adjusting Entry Insurance expense Prepaid insurance b. Prepaid Insurance. The Prepaid Insurance account has a $7,490 debit balance at the start of the year. A review of insurance policies shows $1,680 of insurance has expired by year-end. Prepaid Insurance b. Prepald Insurance. The Propaid Insurance account has a $7,490 debit balance at the start of the year. A roview of insurance polictos shows $1,680 of insurance has expired by your end. Propald Insurance Step 1: Determine what the current account balance equals. 0 Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Insurance expense Prepaid insurance c. Prepaid Rent. On September 1 of the current year, the company prepaid $43,200 for two years of rent for facilities being n+ occupled that day. The company debited Prepaid Rent and credited Cash for $43,200. Prepaid Rent Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. JUM. IVUMW OVOTVORW. by WoLOOP&. Insurance expense Prepaid insurance c. Prepaid Rant. On September 1 of the current year, the company prepaid $43,200 for two years of rent for facilities being occupled that day. The company debited Prepaid Rent and credited Cash for $43,200 Prepaid Rent Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Insurance expense Prepaid insurance +