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What financial statement would unearned revenue appear?
balance sheet
Service revenue on a balance sheet?
I'm not sure I fully understand your question. Revenue would never be on a balance sheet, it is an income statement account.
If 1800 was received in January for services performed in January what was the balance in Unearned Service Revenue at December 31 2013?
If $1,800 was received in January for services performed in January, this amount would not affect the balance in Unearned Service Revenue at December 31, 2013, as it relates to future revenue. The balance in Unearned Service Revenue at that time would depend on any amounts received in advance for services not yet performed prior to January 2014. Without additional information regarding prior unearned revenue, we cannot determine the exact balance at December 31, 2013.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
Acrued revenues would appear on the balance sheet as what?
Accrued Revenues are those revenues which have earned by the company but not yet recieved. Accrued revenue is shown under current assets in balance sheet
What financial statement would unearned revenue appear?
balance sheet
Service revenue on a balance sheet?
I'm not sure I fully understand your question. Revenue would never be on a balance sheet, it is an income statement account.
Would service revenue be considered an asset?
Revenue is not considered an assets. Even from a double entry point of view, revenue would be a credit where as assets are debits so there no even interchangeable. If revenue was kept on the balance sheet as deferred income it would be as a liability.
If 1800 was received in January for services performed in January what was the balance in Unearned Service Revenue at December 31 2013?
If $1,800 was received in January for services performed in January, this amount would not affect the balance in Unearned Service Revenue at December 31, 2013, as it relates to future revenue. The balance in Unearned Service Revenue at that time would depend on any amounts received in advance for services not yet performed prior to January 2014. Without additional information regarding prior unearned revenue, we cannot determine the exact balance at December 31, 2013.
Which of the following accounts would appear in the balance sheet credit column a Prepaid insurance b Buildings c Unearned service revenue d Service revenue?
Unearned services revenue is the amount which is already received by company from client but the actual services has not been provided yet by the company so it means that this amount is not yet earned by company so it is the liability of company hence it will be shown in credit or liability side of balance sheet.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
Acrued revenues would appear on the balance sheet as what?
Accrued Revenues are those revenues which have earned by the company but not yet recieved. Accrued revenue is shown under current assets in balance sheet
How would services related to unearned service revenue were performed look like on general journal?
In the general journal, services related to unearned service revenue would typically be recorded as a debit to the Unearned Service Revenue account and a credit to the Service Revenue account. This entry reflects the recognition of revenue as the service has now been performed. For example, if $1,000 of unearned revenue is earned, the journal entry would be: Debit Unearned Service Revenue $1,000 and Credit Service Revenue $1,000. This entry indicates that the obligation to provide the service has been fulfilled.
Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance?
Depreciation Expense
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Capulize Mr Jones the internal revenue service would like to visit with you about your tax return?
Mr. Jones the internal revenue service would like to visit with you about your tax return?
Is deferred revenue an asset?
Deferred revenue is recognized when cash received in advance for product or service that not delivered or rendered, so it's liability, once service fulfilled or product received Revenue Would be recognized Deferred revenue also Known as unearned revenue
