Suppose the advance collection received on November 1, 2016, covered an 30-month lease period at the same amount of rent per month. How should Gordon Co, report the unearned rent amount on its December 31, 2016, balance sheet [The following information applies to the questions displayed below] On November 1, 2016. Gordon Co, collected $6, 240 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed