At December 31, 2014, Before Any Year-End Adjustments, Dallis Company's

Multiple Choice

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:

A) $1,300.
B) $1,600.
C) $2,900.
D) $1,400.