Precious Stone Works is a commercial property marble installation company that operates from April to October each year. The company pre$-$books customers one year in advance. Customers must pay $50\%$ at the time of booking and the balance on the completion or delivery of the project.

The October $1,2023,$ balance sheet shows Unearned Revenue $($GL #$2455)$ totaling $$205,000$ representing the deposit on a project to be delivered later this month.

On October $25,2023,$ they delivered their project and received the balance of payment for the work.

On October $31,2023,$ they received $180,000$ as a prepayment for a new project to be done in $2024.$

Required $($a$)$: Prepare the entries required in October $2023.$ Compute the balance in the Unearned Revenue account as of October $31,2023.$