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-   -   Unearned Rent (https://www.askmehelpdesk.com/showthread.php?t=196458)

  • Mar 19, 2008, 03:49 PM
    mpawlow
    Unearned Rent
    Is Unearned rent on a balance sheet belong under an asset, liability or under owners equity?
  • Mar 20, 2008, 12:06 PM
    CaptainForest
    It is a liability.
  • Mar 21, 2008, 08:17 PM
    bberna
    Unearned revenue,which is under the current liabilities.
  • Mar 22, 2008, 04:58 AM
    mobinil1
    Hello
    Uneraned Rent is a liability that falls under the Current Liabilities section of the Balance Sheet, here is the way Uneraned Rent is presented:

    Company Name
    Balance Sheet
    Date
    Liabilities, & Stockholders' Equity:
    Current Liabilities
    Accounts Payable XXXX
    Unearned Rent xxxx
  • Mar 31, 2008, 09:23 AM
    hoa780
    Hi there, Iam doing accounting in balance sheet but I it does not balance so what can I find uneared rent? Help me please
  • Mar 31, 2008, 09:51 AM
    mobinil1
    Hello Hoa780

    Please read my answer above:

    Uneraned Rent is a liability that falls under the Current Liabilities section of the Balance Sheet, here is the way Uneraned Rent is presented:

    Company Name
    Balance Sheet
    Date
    Liabilities, & Stockholders' Equity:
    Current Liabilities
    Accounts Payable XXXX
    Unearned Rent xxxx
  • Apr 4, 2008, 03:07 PM
    morgaine300
    Quote:

    Originally Posted by hoa780
    hi there, Iam doing accounting in balance sheet but I it does not balance so what can I find uneared rent? help me please

    Why do you think it's the unearned rent that's not making it balance? You're saying the balance sheet doesn't balance, but if you know that unearned rent actually exists, then you have to have already seen it somewhere, right? In which case, why can't you find it? It appears you are the one making the balance sheet, off information you're getting from somewhere else. I am trying to figure out, how do you know unearned rent exists at all if you don't have it listed somewhere? But you're saying you can't find it. If it's already on the balance sheet (in the liabilities), then you've found it, already have it, and I don't see what that has to do with not balancing. Your balance sheet could be out of balance for any number of reasons.

    I do not understand exactly what you're doing here because the question doesn't make any sense.

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