Ask Experts Questions for FREE Help !
Ask
    Tinitali1's Avatar
    Tinitali1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 13, 2009, 03:36 PM
    Unearned rent of $4,100 was earned
    Unearned rent of $4,100 was earned prior to August 31.

    Trial balance 8/31 shows unearned rent for 7,400

    In my journal I put as my adj entry

    Unearned revenue dr 4,100
    Service revenue cr 4,100

    I'm trying to figure out the correct terms and adj entry
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Nov 15, 2009, 12:29 AM

    It's already correct. :-)
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Unearned rent verses prepaid rent [ 4 Answers ]

I would like for someone to help me get a better prospective on this use of words that keeps me confused. d. The unearned rent account balance at August 31 is $9,375, representing the receipt of an advance payment on August 1 of three months' rent from tenants. That is pretty clear it is rent I...

Unearned vs. Earned income and impact on SS benefits [ 6 Answers ]

I want to try to retire in about 6 years at age 64. I am married and my wife will continue to work (for a number of years) as a school teacher after I retire. I will have access to a company pension from a work location where I paid social security taxes on my income. I will also have 401k...

Unearned rent? [ 1 Answers ]

I have a balance in unearned rent of 50,000 (doesn't say if it's credit or debit) Unearned rent represents two months rent received on December 1, 2008 for the renting of unused office space. What would be the journal entry for this?

Prepaid Rent and Unearned Rent [ 2 Answers ]

What is the difference between Prepaid rent & unearned rent? Is this the same. And if in the Trial balance the account name is Unearned rent, then can we put in the liabilities side as Prepaid rent?

View more questions Search