Rent received in advance and credited to a rent revenue account which is still unearned at the end of the period will require an adjusting entry crediting a liability account for the amount still unearned.

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This is because rent received in advance is considered a liability until it is earned, so an adjusting entry is necessary to reflect the unearned portion at the end of the period. This entry would credit the liability account and debit the rent revenue account.

Rent Received in Advance and Credited to a Rent Revenue