I finally got it! Thank you po sir, I hope po you'll continue helping us to understand this subject. Rooting for the success of this channel and to you sir!
Estrella - natutunan ko na ay utang ng business ay performance ng service, unearned revenue ay advance payment ng customers na need punan sa takdang panahon
Delfin - Similarly to the previous lesson on adjusting entries for prepayments, i've learned that there are also 2 methods that we use in adjusting entries for unearned revenues, which are the liability method and the income method. 😌
Teres - Unearned revenue is a liability account, ang pagkaka utang natin ay goods or services. We also have 2 methods sa pagrerecord nito, the liability method and the income method.
I've watched all the videos po. Sobrang helpful po talaga🥺 Thank you so much sir!💗 Pa request po ng video po kung paano po sya ma identify if accrued expense, accrued revenue or Accrued revenue and deferred revenue po🥺 sana po ma notice
I willtake note on that po. Maraming Salamat! For the meantime po mas maganda po na ifamiliarize mo muna ang iyong sarili sa maraming adjusting entries problem para mas madali mo maidentify if anong klaseng adjustments gagawin. Padayon!
@@abmonlineph6099 Thankyou po at sana abot pa hanggang 13. kase deadline na namin sa 14. kung paano kaya papanuurin ko nalang po sainyo kung paano gawin😁♥️
Potato - Just like in prepaid expense there are two ways to adjust the unearned revenue and these are thru Liability and Income. Liability, ito yung adjusting entry kung san mo ilagagay yung nagamit na for a month or more, and yung sa Income is the remaining sum of your revenue?
Sir, ask lang po, etong mga adjusting entries po ba is meant to be used for adjusting entries lamang? Di sya ginagamit sa journal entry? Sir, ano po ang journal entry mo sa sumusunod: Received P90,000 from the Laguna Experiment Drug Center for research to be conducted by Dr. Grey over the next 3 months.
The liability account, Unearned Subscriptions, has a balance of P202,500. It was determined that one-third of these subscriptions have been mailed to subscribers. Ano pong adjusted entry nito sir?
the start of the year, V. Espiritu, D. Mallari, and D. Ramos Service Films, each had P75,000 of supplies on hand. The three companies use different accounting procedures for recording supplies. V. Espiritu and D. Ramos show the beginning balance in the Supplies on hand account, but D. Mallari reflect the beginning balance in the Supplies Expense upon account. V. Espiritu debits the accounts Supplies on Hand when Supplies are acquired, while D. Mallari and D. Ramos follow the policy of debiting Supplies Expense upon acquisition. Each of the three companies acquired P452,000 of supplies at various times throughout the year, and each has P96,000 of supplies on hand at year end. Required: Prepare the adjusting entry for each company. Pa help po again sir
Sir pano kng, nag issue k ng billing invoice ky costumer, pero wla k pang nareceive na cash at the same time hndi p naeearned n costumer ang service. May entry po b sya s journal at ledger.? Salamat in advance
Navidad, If it's liability method you need to know kung ano yung kinita mo sa pagkakautang mo. If it's income method naman, kailangan mong alamin kung ano pa yung hindi mo kita ron. In short, versa sila. 😆
sir pano po kung ganto a business received cash of P300,000 in advance for revenue that will be earned later. The cash receipt entry debited cash and credited unearned revenues for P300,000 at the end of the period, P110,000 is still unearned.
Good evening Sir... Sir pwede pa guide kung paano po ang adjustmemt entry nito😊... Hindi ko po kasi talaga maintindihan🤧 Salamat po😊😊😊 An interest payment waa received in advance on October 1 amounting to P4, 000 for a 40,000 promissory note issued by a costumer which will mature after eight months. The total amount was credited to Interest Income account
Sir, di ba sa mga report may permanent at temporary? Ano yun report o records na dapat mag continue for the next following year reporting? Pano uumpisahan yun report para sa susunod na taon?
Hello, I just want to ask lang sana about dun sa problem ng Cabigting Problem, I know po kasi is 40k dapat siya dun sa part ng Adjusting Entry and not 4k, because 24,000*10/6 = 40,000 po. Hmmm natanong ko lang po kasi medyo nalito po ako jan sa part na iyan. Thank u 💖
On November 01, Jinno leased a portion of his building for a monthly rental fee of ₱20,000. On the same day, he received ₱60,000 representing a three-month advance rental from his tenant. The amount received was credited to rent income and no adjustment has yet been made at December 31. Requirements: A. At December 31, 2020, how much should be the balance of rent income account? B. At December 31, 2020, how much should be the balance of unearned rent account? C. What is the adjusting entry to recorded on December 31, 2020? Eto sir?
Sir pa help po ako sana mapansin nyo po agad badly needed lang po salamat po 😢 The company occupies. Rented office space but own office equipment estimated to have useful life of 10years from date of acquisition August 1, 2020 The rent expense of amounting to 7700 covers rental for the month of October and November 2020 Adjusting entries Income statement October 31 2020 statement of financial position ending October 31 2020 post closing trial balance
Sir patulong po. Paano po pag ung po service income is P105,000 Tas ung gagawing adjustments po ay- Of the total service fees, P5,200 represents service to be rendered on the second week of next month next year. Ty po
![Lecture 02: Deferred Revenue or Unearned Income. Liabilities. [Intermediate Accounting]](http://i.ytimg.com/vi/R8t3drwFKps/mqdefault.jpg)
![Lecture 02: Deferred Revenue or Unearned Income. Liabilities. [Intermediate Accounting]](/img/tr.png)
I finally got it! Thank you po sir, I hope po you'll continue helping us to understand this subject. Rooting for the success of this channel and to you sir!
Thank you Cali!
God bless Sir salamat po at natututo po ako kahit slow learner po ako salamat
Thank you din po. God bless sa iyong pag aaral!
Thanks for this , I'm COMPETENT sa NC 3 Bookkeeping, nanaonood lang po ako lagi dito sa inyo.
Congratulations po!
@@abmonlineph6099 ❤️
Salamat po, bukas na po exam namin kaya masaya ako ngayong araw nyo na upload at ngayong araw ko nakita. Thank u so much
Good luck and God bless sa exam! Fighting! 💛
Balansag- natutunan ko po na may dalawang method in adjusting entries for prepayments iyon ay ang liability and income methodm
Thank u sir, I'm a slow learner and thank goodness inuulit² mo and ine- emphasize mo talaga. Mas madali Kong natandaan
Thank you sir dami ko pong natutunan😊
Thank you din po!
Galing mo tlga mag explain kuya
Thank you Jonard!
Estrella - natutunan ko na ay utang ng business ay performance ng service, unearned revenue ay advance payment ng customers na need punan sa takdang panahon
thank you po. very informative
You're welcome 😊
1.debit: uneared rental revenue
Credit: rental revenue
Amount: Php 6,000
2. Debit: rental revenue
Credit: uneared rental revenue
Amount: Php 16,000
Delfin - Similarly to the previous lesson on adjusting entries for prepayments, i've learned that there are also 2 methods that we use in adjusting entries for unearned revenues, which are the liability method and the income method. 😌
Paras A. unearned revenue is a liability accounts, ang pag kakautang ay good or services, there are 2 methods, liability method and income method.
SALAMAT KUYA NANG MARAMI❤️
finished ALL your videos :) thank you!
Thank you po 😊💛
Debit: unearned rental revenue
Credit: rental revenue
Amount:₱6,000
Debit: rental revenue
Credit: unearned rental revenue
Amount:₱16,000
1.debit:unearned rental revenue
Credit:rental revenue
Amount:6000
2.debit:unearned rental revenue
Credit:rental revenue
Amount:16,000
Thank you so much po Godspeed!
Thanks Danie!
1. Debit: Unearned Rental revenue
Credit: rental revenue
Amount: P6,000
2. Debit: rental revenue
Credit: Unearned rental revenue
Amount: P 16,000
Teres - Unearned revenue is a liability account, ang pagkaka utang natin ay goods or services. We also have 2 methods sa pagrerecord nito, the liability method and the income method.
Paras T. Ang unearned revenue ay liability account in short ito ay utang ng business and there is 2 method which is liability method and income method
Makidato- there are two methods na ginagamit to record the unearned revenue which is yung liability method and the other one naman po is income method
1.
Debit: Uneamed Rental Revenue
Credit: Rental Revenue
Amount: P 6,000
2. Debit: Rental Revenue
Credit: uneamd Rental revenue Amount P 16,000
8:45 main point
9:15 1st Transaction
Thank you Sir, you save my time.🎉
I've watched all the videos po. Sobrang helpful po talaga🥺 Thank you so much sir!💗 Pa request po ng video po kung paano po sya ma identify if accrued expense, accrued revenue or Accrued revenue and deferred revenue po🥺 sana po ma notice
I willtake note on that po. Maraming Salamat! For the meantime po mas maganda po na ifamiliarize mo muna ang iyong sarili sa maraming adjusting entries problem para mas madali mo maidentify if anong klaseng adjustments gagawin. Padayon!
Tagalugin mo din po sa sarili mo ang mga problems para mas maging madali para sa iyo.
1. Debit: unearned rental revenue
Credit: rental revenue
Amount: P6000
2. Debit: Rental revenue
Credit: Unearned rental revenue
Amount: P 80000
Alvarez-There are two methods for adjusting entries for prepayments: the liability method and the income method.
More vid papo about acct plz. Mga cash flow tax ganun po.
Salamat po!
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P 6,000
2. Debit: Rental Revenue
Credit : unearnd Rentsl revenue
Amount: P 16,000
1. Debit : Unearned rental revenue
Credit: Rental revenue
Amount: P 6,000
2. Debit : Rental revenue
Credit : Unearned Rental Revenue
Amount: P16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P6,000
1. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P16,000
1)Debit: Unearned Rental revenue
Credit: Rental revenue
Amout P 6,000
2)Debit: Rental revenue
Credit:Unearned Rental revenue
Amount:P 16,000
1. Debit: Uneard rental revenue
Credit: Rental revenue
Amount: ₱6,000
2. Debit: Rental revenue
Credit: Uneard rental revenue
Amount: ₱16,000
1. Debit: Unearned rental revenue
Credit: Rental revenue
Amount: Php 6,000
2. Debit: Rental revenue
Credit: Unearned rental revenue
Amount: Php 16,000.
#1
Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P6,000
#2
Debit: Rental Revenue
Credit: Unearned Revenue
Amount: P16,000
Dela Vega- I've learned that there are two methods in adjusting entries for prepayments which are the liability method and income method.
Rosario- In adjusting entry for unearned revenue there are two methods, liability method and income method
1debit:rearned rental revenue
Crrdit :rental revenue
Amount 6000
2 debit unearned rental revenue
Credit:rental revenue
Amount 16000
MEDINA RODEL M.
1.)Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P 6,000
2.) Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P 16,000
Saño- unearned revenue ay have two methods which is liability method and income method
1. Debit : Unearned Rental Revenue
Credit: Rental Revenue
Amount: P 6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P 16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount:P6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount:P16,000
Thank you sir ❤
1.) Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: ₱ 6,000
2.) Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: ₱ 16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: ₱ 6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: ₱ 80,000
Reyes- i learned that there are two methods in adjusting entries for prepayments and these are liability method and income method
Prepayments are assets and expense method
Liability and income method are for unearned revenue
present na po ako sir!
thank you
Maraming Salamat din po!
KUYAAAA PA REQUEST UNG explain the Statement of Comprehensive Income of a Merchandising business. Explain the formulas Sana poo please 🙏🥺
Noted po ito!
@@abmonlineph6099 Thankyou po at sana abot pa hanggang 13. kase deadline na namin sa 14. kung paano kaya papanuurin ko nalang po sainyo kung paano gawin😁♥️
thank you po!
sana gan2 lht mag explain pati sa college😭
Moralde, May 2 methods na ginagamit sa pag record ng unearned revenue which are liability method and income method
Enriquez
Natutunan ko na sa pag compute ng adjusting entry for unearned revenues, first ay ang liability method at second ay ang income method.
Thank you sirrrr
Salamat po!
na sstress ako kung unearned rental ba o prepaid rent ung gagamitin pag may problem.. 😢
"Liability method"
(1)Debit: Unearned revenue
Credit: Service revenue
Amount: P6,000
"Income method"
(2) Debit: Service revenue
Credit: Unearned revenue
Amount: P16,000
1.
Unearned Rental Revenue ₱6,000
Rental Revenue ₱6,000
2.
Rental Revenue ₱16,000
Unearned Rental Revenue ₱16,000
Opo sir kitang kita kita Sana kita modin ako😅😂😂😁
Saan hahahaha
@@abmonlineph6099 Natawa lang po ako sir sa sinabi nyo about "kita"😅 ahhaha
Sir ano po magiging journal entry dito "Hired Allan and Allie who will manage his business"?
No entry po. Non financial in nature
@@abmonlineph6099 ty po
#1 "Liability Method"
DEBIT: Unearned Rental Revenue
CREDIT: Rental Revenue
AMOUNT: ₱6,000
#2 "Income Method"
DEBIT: Rental Revenue
CREDIT: Unearned Rental Revenue
AMOUNT: ₱16,000
Potato - Just like in prepaid expense there are two ways to adjust the unearned revenue and these are thru Liability and Income. Liability, ito yung adjusting entry kung san mo ilagagay yung nagamit na for a month or more, and yung sa Income is the remaining sum of your revenue?
Sir, ask lang po, etong mga adjusting entries po ba is meant to be used for adjusting entries lamang? Di sya ginagamit sa journal entry? Sir, ano po ang journal entry mo sa sumusunod:
Received P90,000 from the Laguna Experiment Drug Center for research to be conducted by Dr. Grey over the next 3 months.
Yung sa example 2 po pano po naging 5 months? Sorry medyo slow po 😅
The liability account, Unearned Subscriptions, has a balance of P202,500. It was determined that one-third of these subscriptions have been mailed to subscribers.
Ano pong adjusted entry nito sir?
Debit Unearned Subscriptions
Credit Subscriptions Revenue
P67,500
Thank youuu po sir❤️
the start of the year, V. Espiritu, D. Mallari, and D. Ramos Service Films, each had P75,000 of supplies on hand. The three companies use different accounting procedures for recording supplies.
V. Espiritu and D. Ramos show the beginning balance in the Supplies on hand account, but D. Mallari reflect the beginning balance in the Supplies Expense upon account. V. Espiritu debits the accounts Supplies on Hand when Supplies are acquired, while D. Mallari and D. Ramos follow the policy of debiting Supplies Expense upon acquisition. Each of the three companies acquired P452,000 of supplies at various times throughout the year, and each has P96,000 of supplies on hand at year end.
Required: Prepare the adjusting entry for each company.
Pa help po again sir
Sir pano kng, nag issue k ng billing invoice ky costumer, pero wla k pang nareceive na cash at the same time hndi p naeearned n costumer ang service. May entry po b sya s journal at ledger.?
Salamat in advance
Parang wala po dapat. Kasi both parties wala pang nagaganap na transaction.
Salamat po sir
Natawa ako sa hephep hurray haha
😂😂😂😂
@@abmonlineph6099 gawa ka po videos about book keeping po. Godbless ❤️
@@carriepanumpang2852 yung playlist po ng merchandising, reviewer po yun for bookkeeping
pano pag yung unearned rent revenue has been earned anong lalagay sa adjusting journal?
Debit Unearned Rent
Credit Rent Revenue
sir
ano po ang adjusting entry ng
Additional Data:
Unearned Laundry Income, 42 000
Navidad,
If it's liability method you need to know kung ano yung kinita mo sa pagkakautang mo. If it's income method naman, kailangan mong alamin kung ano pa yung hindi mo kita ron. In short, versa sila. 😆
Paano po kung binayad sa u post dated checks po advance po as payment
Mhace Aniban 12 abm
1. Liability Method
Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: Php. 6,000
2. Income Method
Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: Php. 80,000
sir pano po kung ganto
a business received cash of P300,000 in advance for revenue that will be earned later. The cash receipt entry debited cash and credited unearned revenues for P300,000 at the end of the period, P110,000 is still unearned.
Debit Unearned Revenue
Credit Service Revenue
Amount 190,000
Good evening Sir... Sir pwede pa guide kung paano po ang adjustmemt entry nito😊... Hindi ko po kasi talaga maintindihan🤧
Salamat po😊😊😊
An interest payment waa received in advance on October 1 amounting to P4, 000 for a 40,000 promissory note issued by a costumer which will mature after eight months. The total amount was credited to Interest Income account
Adjusting entry for the month of October ba?
@@abmonlineph6099 December 31 po Sir😅
Sir, di ba sa mga report may permanent at temporary? Ano yun report o records na dapat mag continue for the next following year reporting? Pano uumpisahan yun report para sa susunod na taon?
Hello, I just want to ask lang sana about dun sa problem ng Cabigting Problem, I know po kasi is 40k dapat siya dun sa part ng Adjusting Entry and not 4k, because 24,000*10/6 = 40,000 po. Hmmm natanong ko lang po kasi medyo nalito po ako jan sa part na iyan. Thank u 💖
deferred revenue po ba ito?
Yes po
hi sir. pg po ba commission not yet collected pano mu i journal po tia
Pero earned na po?
Dr. Receivable
Cr. Revenue
what book are you usng po?
Basic Financial Accounting and Reporting by Win Ballada 😊
On November 01, Jinno leased a portion of his building for a monthly
rental fee of ₱20,000. On the same day, he received ₱60,000
representing a three-month advance rental from his tenant. The
amount received was credited to rent income and no adjustment has
yet been made at December 31.
Requirements:
A. At December 31, 2020, how much should be the balance of rent
income account?
B. At December 31, 2020, how much should be the balance of
unearned rent account?
C. What is the adjusting entry to recorded on December 31, 2020?
Eto sir?
Sir pa help po ako sana mapansin nyo po agad badly needed lang po salamat po 😢
The company occupies. Rented office space but own office equipment estimated to have useful life of 10years from date of acquisition August 1, 2020
The rent expense of amounting to 7700 covers rental for the month of October and November 2020
Adjusting entries
Income statement October 31 2020
statement of financial position ending October 31 2020
post closing trial balance
Sir Pano Po pag unpayed Yung service
Parang dapat no transaction
Sir patulong po.
Paano po pag ung po service income is P105,000
Tas ung gagawing adjustments po ay- Of the total service fees, P5,200 represents service to be rendered on the second week of next month next year. Ty po
Debit Service Income 5,200
Credit Unearned Revenue 5,200
@@abmonlineph6099 thank you thank you sir!
1. Liability Method
(Debit) Unearned Rental Revenue
(Credit): Rental Revenue
Amount: P 6,000
2. Income Method
(Debit) Unearned Rental Revenue
(Credit) Rental Revenue
Amount : P 80,000
Liability Method
1. Debit: Unearned Revenue
Credit: Rental Revenue
Amount: ₱6,000
Income Method
2. Debit: Rental Revenue
Credit: Unearned Revenue
Amount: ₱80,000
present
Thank you Apple! 😊💛
Kuya pwede makuha name niyo sa fb, may itatanong lng po ako
Kindly chat my FB Page po. ABM Online PH
@@abmonlineph6099 nachat ko na po sa page niyo kuya, thank you po
Purong ok paulit ulit ung words
Ok po
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P16,000
1.debit: uneared rental revenue
Credit: rental revenue
Amount: Php 6,000
2. Debit: rental revenue
Credit: uneared rental revenue
Amount: Php 16,000
1.
Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P 6,000
2.
Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P 16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount:P6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount:P16,000
1.) Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: ₱ 6,000
2.) Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: ₱ 16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P16,000
1.) Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: ₱ 6,000
2.) Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: ₱ 16,000
1. Debit: Unearned Rental Revenue
Credit: Rental Revenue
Amount: P6,000
2. Debit: Rental Revenue
Credit: Unearned Rental Revenue
Amount: P80,000