do unearned revenue go income statement?
<answer> No, Unearned service revenue must be recorded, but it is not entered as revenue on the income statement. <context> The receipt of revenue is balanced with a decrease in assets, such as inventory or the value of services. Revenue from completed business activities is entered as revenue on the income statement. Unearned service revenue must be recorded, but it is not entered as revenue on the income statement. Cash received for services that have not been provided is not considered true revenue until the income is earned.