2 . The Unearned Consulting REVENUE account has a balance of $ 261. 2 20 as Of December 31, 2015. On May 1. 2015 a client paid [ME $ 153. God cash in advance for a 12- month consulting services contract . CAN'T Will Earn revenue evenly over this 12- month period . This was the only prepayment received from Clients during the Entire 2015 fiscal Year and recorded with a credit to Unearned REVENUE . Of the beginning balance in Unearned REVENUE lie . at Jan 1 20151. 65% Of the work has now been completed by year End