Problem 4.14 Opening I' Accounts, Adjusting Entries and Preparing Financial Statements Macca's Party Hire hires out equipment and furniture for parties. The unadjusted trial balance of the business appears as shown below: MACCA'S PARTY HIRE Unadjusted Trial Balance As at 30 June 2010 Account Debit ($) Credit ($) Cash at bank 5200 Accounts Receivable 2400 GST outlays 3300 Prepaid Insurance 1200 Party equipment 31400 Accumulated Depreciation-party equipment 17600 Furniture 47300 Accumulated Depreciation-furniture 23000 Accounts Payable 6800 GST collections 5000 K.Maclean, Capital 18710 K.Maclean, Drawings 18310 Hire fees revenue 74700 Salaries expense 26500 Rent expense 5700 Maintenance expense 3100 Electricity expense 1400 145810 145810