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    mpawlow's Avatar
    mpawlow Posts: 1, Reputation: 1
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    #1

    Mar 19, 2008, 03:49 PM
    Unearned Rent
    Is Unearned rent on a balance sheet belong under an asset, liability or under owners equity?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Mar 20, 2008, 12:06 PM
    It is a liability.
    bberna's Avatar
    bberna Posts: 5, Reputation: 1
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    #3

    Mar 21, 2008, 08:17 PM
    Unearned revenue,which is under the current liabilities.
    mobinil1's Avatar
    mobinil1 Posts: 2, Reputation: 1
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    #4

    Mar 22, 2008, 04:58 AM
    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
    hoa780's Avatar
    hoa780 Posts: 1, Reputation: 1
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    #5

    Mar 31, 2008, 09:23 AM
    Hi there, Iam doing accounting in balance sheet but I it does not balance so what can I find uneared rent? Help me please
    mobinil1's Avatar
    mobinil1 Posts: 2, Reputation: 1
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    #6

    Mar 31, 2008, 09:51 AM
    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
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #7

    Apr 4, 2008, 03:07 PM
    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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