The following information was provided by the records of Collegetown Apartments (a corporation) at the end of the annual fiscal period. December 31, 2003:

Required:
Using T-accounts. compute the amounts that should be reported in Collegetown Apartments" 2003 financial statements for the following items and indicate on which financial statement the item is located.
For Cash, create one T-account and label each effect to determine the amounts from renters, to suppliers, and to employees: 1. Rent revenue 2. Salary expense 3. Maintenance supplies expense 4. Cash from renters 5. Rent receivable 6. Cash to suppliers 7. Receivables from employees 8. Maintenance supplies inventory 9. Unearned rent revenue 10. Salaries payable 11. Cash to employees

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Cash Receipts a. Rent revenue collected in cash during 2003 for occupancy in 2003 $512,000 C. b. Rent revenue earned for occupancy in December 2003; not collected until 2004 In December 2003. collected rent revenue in advance for January 2004 Cash Disbursements for Salaries 16.000 12.000 d. Cash payment in January 2003 for employee salaries earned in December 2002 Salaries incurred and paid during 2003 e. 4.000 62.000 f. Salaries earned by employees during December 2003 that will be paid in January 2004 3.000 g. Cash advance to employees in December 2003 for salaries that will be earned in January 2004 1.500 Cash Disbursements for Supplies h. Maintenance supplies on January 1, 2003 (balance on hand) i. j. Maintenance supplies counted on December 31, 2003 Maintenance supplies purchased for cash during 2003 3.000 8.000 1,700