Question: Question 4 --/1 What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance

 Question 4 --/1 What is the proper adjusting entry at June

Question 4 --/1 What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, 41,000, and unexpired amounts per analysis of policies of 8,000? Debit Insurance Expense, 8,000; Credit Prepaid Insurance, 8,000 Debit Insurance Expense, 33,000; Credit Prepaid Insurance, 33,000 Debit Prepaid Insurance, 33,000; Credit Insurance Expense, 33,000 Debit Insurance Expense, 41,000; Credit Prepaid Insurance, 41,000

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