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.
Unearned Revenue, as a balance sheet account, would not be part of the closing entries.Just the Net Income or Loss from the Income Statement to the balance sheet into Retained Earnings. I hope that helps! need to find out if unearned revenue is part of the closing entries. What is confusing me is, that it is REVENUE, yet liability. I will appreciate anyone's correct answer. Thank you. Add your answer. Source. Submit Cancel.