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Is Unearned Rent A Liability. The company can make the unearned rent journal. Unearned rent would be a liability on the balance sheet.

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A liability, in general, is an obligation to, or something that you owe somebody else. Unearned income on a company balance sheet is usually treated as a current liability, and is expected to be credited to the income account during the relevant reporting period. Unearned revenue is also referred to as deferred revenue and advance payments.