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    AutyMill's Avatar
    AutyMill Posts: 2, Reputation: 1
    New Member
     
    #1

    Sep 10, 2008, 06:51 PM
    Unearned Rentq
    Where would unearned rent be located? On a balance sheet or income statement
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
     
    #2

    Sep 10, 2008, 11:17 PM
    Uneraned rent should be reported on the balance sheet in the current liabilities section.
    AdamUTsel's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member
     
    #3

    Sep 12, 2008, 09:08 AM
    Correct, you would realize the revenue over the course of the lease and reduce your liability.

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