The following transactions and events are provided by the records of Deerfield Cleaning (a corporation) at the end of its fiscal year, December 31, 2012:

Required:
For each of the following accounts, compute the balance that should be reported in Deerfield's 2012 financial statements, indicate on which financial statement the item will be reported, and report the effect (direction and amount) on cash flows (+ for increase, - for decrease, and NE for no effect). (Hint: Create T-accounts to determine account balances.)

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Cash Receipts and Revenue a. Collected cash in January 2012 for the only cleaning contracts completed in past years that were not yet paid by customers b. Service revenue collected in cash during 2012 for cleaning contracts in 2012 c. Service revenue earned for contracts in December 2012 but not collected until 2013 d. Amount collected in advance in December 2012 for service to be provided in January 2013 Salaries e. Cash payment made in January 2012 for employee salaries earned in 2011; no other amounts were due to employees for past periods Salaries incurred and paid during 2012 g. Sa arles earned by employees during December 2012 that will be paid in January 2013 Supplies h. Clearing supplies inventory on January 1, 2012 Cleaning supplies purchased for cash during 2012 Cleaning supplies inventory on December 31, 2012 $ 11,000 213,000 14,000 19,000 1,500 78,000 1,900 1,800 14,500 2,700