Question $35(5$ points$)$

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:

$$1,300.$

$$1,600.$

$$2,900.$

$$1,400.$