Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Unearned rent/end of period worksheet (https://www.askmehelpdesk.com/showthread.php?t=258615)

  • Sep 9, 2008, 03:24 PM
    1506emili
    Unearned rent/end of period worksheet
    I am doing an end of period worksheet and I do not know how to post unearned rent. I have a credit balance of 2200.00 and at the end of the month the unearned rent is 1000.00Where/what do I credit and/or debit?

    Thank you.
  • Oct 22, 2008, 05:55 PM
    pready

    The Debit will be to Unearned Rent Revenue
    The Credit will be to Rent Revenue
  • Nov 3, 2008, 04:33 AM
    muslimrao

    Unearned Rent (DR) - 1200
    Rent Income (CR) - 1200

    • All times are GMT -7. The time now is 12:18 AM.