The source hot is spliced to the red wire which is connected to the bottom terminals on the switch at the other end. The black wire is connected to the top terminal on the switch which runs power back to the fan where it is spliced to both the black and blue fan wires.
In these cases, it should be wrapped with electrical tape to mark it as hot. The ground wires will be green and/or bare copper. The ground should be spliced with a short piece of wire and connected to each device and outlet box that has a grounding terminal. In these drawing the brass colored terminal represent the hot side of the device and the silver colored terminal represent the neutral. Ground wires and terminals are in green.
Here 3-wire cable is run from a double-pole circuit breaker and split to supply 120 volts to two sets of receptacles. The neutral wire from the circuit is shared by both. This wiring is commonly used in a 20amp kitchen circuit where two appliance feeds are needed, such as for a refrigerator and a microwave in the same location.
This is the updated wiring for this arrangement, with a 2-wire cable added between the fan/light and switches. The white wire is no longer used for hot and the source neutral is run through to the switch box to satisfy the 2011 NEC requirement of a neutral wire in all switch boxes. All other wiring is the same as above.