Product Overview. Sta-Kool 770 Ultra White Elastomeric Roof Coating is a tough, highly flexible, rubberized roof coating. This high-performance, 7-year warranted elastomeric roof coating resists cracking and peeling. The coating also provides a highly protective barrier which reflects the sun's heat and destructive UV rays.
unearned revenue(s) A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, this account balance is decreased and a revenue account is increased. To learn more, see Explanation of Adjusting Entries.
When your small business collects an unearned fee, report the amount initially as unearned revenue in the liabilities section of your balance sheet. Liabilities are amounts you owe another party. Also, increase your cash account in the assets section of your balance sheet.