The following information was provided by the records of Dupont Circle Apartments (a corporation) at the end of the current annual fiscal period, December 31: Rent
a. Rent revenue collected in cash during the current year for occupancy in the current year, $500,000.
b. Rent revenue earned for occupancy in December of the current year; not collected until the following year, $10,000.
c. In December of the current year, rent revenue collected in advance for January of the following year, $14,000. 

Salaries
d. Cash payment in January of the current year to employees for work in December of the prior year (accrued in the prior year), $6,000.
e. Salaries incurred and paid during the current year, $70,000.
f. Salaries earned by employees during December of the current year that will be paid in January of the next year, $3,000.
g. Cash advances to employees in December of the current year for salaries that will be earned in January of the next year, $2,000. 

Supplies
h. Maintenance supplies on January 1 of the current year (balance on hand), $7,000.
i. Maintenance supplies purchased for cash during the current year, $8,000.
j. Maintenance supplies counted on December 31 of the current year, $2,000.

Required:
For each of the following accounts, compute the balance to be reported in the current year, the statement the account will be reported on, and the effect (direction and amount) on cash flows (+ for increases cash and − for decreases cash). 

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Account 1. Rent revenue 2. Salary expense 3. Maintenance supplies expense 4. Rent receivable 5. Receivables from employees 6. Maintenance supplies 7. Unearned rent revenue 8. Salaries payable Current Year Balance Financial Statement Effect on Cash Flows