At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance

At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance

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 At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be

 




$2,700.
 


$1,900.
 


$1,500.
 


$1,200.
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