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What does rent-a-homie mean?
rent-a-homies are basically fake friends that you pay to act as your crew
Where can you rent the Wonder Woman movie?
You can rent both the 2009 animated movie & the 2017 film through Netflix.
Where is the cheapest place to rent Twilight?
blockbusters
What is the birth name of Jordy Cernik?
Jordy Cernik's birth name is Peter John Cernik.
How much does it cost to rent a celebrity?
alot of money .!
Is paying rent considered a liability?
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
Is rent income a asset liability or owners equity?
asset liability
Why land rent is considered as an Unearned income?
land rent is an unearned income
What is rent income?
I believe Rent Income or "rental income" is any income received from a property you own & have tennants in who pay you "rent" to live there. This is usually considered a form of income, obviously depending on the country you live in.
Is rent expense a liability?
rent is an expense while outstanding rent is a liability
Where do unearned rent go income statement?
Unearned income is a liability until it is earned and is listed under liabilities under on the Balance Sheet. The reason it is a liability is because it is money that you have receive but have not yet earned, therefore you as a company "OWES" something. Example: Your company receives and order for $5,000 in watches, but you won't ship the watches until later. You must list the $5,000 as Unearned Income because you have the Income but you haven't earned it and you now have an obligation to the purchaser to either 1. complete the order and ship the watches or 2. refund the purchase price.
Are rent payments from family members considered taxable income?
Yes
What is the journal entry of rent received in advance?
Debit Cash for the cash received, and credit a liability account you can call Prepaid Rent or Prepaid Deposits. Basically, you credit a liability account because you "owe" them the rent for the month they have paid for in advance. Once the month has passed, you can debit the Prepaid Rent and credit Rental Income. Or, if the prepaid rent is a deposit made, you just keep it on your books as a liability until the end of their lease, at which time they will either be refunded the deposit (debit Prepaid Rent, credit Cash) or if they don't pay their last month's rent you can use the deposit (debit Prepaid Rent, credit Rental Income).
What is journal entry rent income accured?
[Debit] rent income receivable [Credit] rent income
What is unearned income?
Income received but not yet earned, such as rent received in advance or other advances from customers. Unearned income is usually classified as a current liability on a company's balance sheet, assuming that it will be credited to income within the normal accounting cycle.
Is Rent received on a two-bedroom apartment considered to be GDP?
Any increase or decrease inÊa persons income is included on the GDP. The rent on a two-bedroom apartment is an increase in income and would be included.
What is the journal entry of rent income?
rent due to landlord
