At December 31, 2012, before any year-end adjustments, Calagari Inc's Prepaid Insurance account had a balance of $1,500. It was determined that $400 of the Prepaid Insurance had expired. The adjusted balance for Prepaid Insurance at year end would be

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The adjusted balance for Prepaid Insurance can be determined by subtracting the amount that has expired from the original balance. Therefore, the adjusted balance would be $1,500 - $400 = $1,100.

At December 31, 2012, Before Any Year-End Adjustments, Calagari Inc's