Account for unearned revenue. (LO 1, 3). The TJ Company collects all service revenue in advance. The company showed a $12, 500 liability on its December 31, 2011, balance sheet for unearned service revenue. During 2012, customers paid $50,000 for future services, and the income statement for the year ended December 31, 2012, reported service revenue of $52, 700. What amount for the liability unearned service revenue will appear on the balance sheet at December 31, 2012