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What is journal entry for tenant improvement allowance?

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작성자 Kathryn
댓글 0건 조회 175회 작성일 25-03-14 22:35

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Entry when Lease is entered into:

DB Cash / AR $XXX,XXX

CR Deferred Rent $XXX,XXX

Entry when tenant improvement is performed:

DB Leasehold Improvements $XXX,XXX

CR Cash $XXX,XXX

Monthly entry to amortize the deferred rent:

DB Deferred Rent $XXX,XXX

CR Rent Expense $XXX,XXX

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