The following adjustments need to be entered at the end of the year for McKenzie Enterprises: One of McKenzie's customers has gone into liquidation and the outstanding balance of 540 for this customer needs to be written off as a bad debt. The Insurance expense of 2,772 includes a prepaid amount of 416 which relates to the following financial year. There are Wages owing to employees of 1,717 at year end that have not yet been accounted for