There is a $15,000 balance in the Unearned Consulting Revenue account before adjustment at year-end. This balance is the result of an advance payment from a customer for consulting services the company is to provide over the next 5 months. What adjusting entry does the company make if it provided $3,000 of the consulting services during this period?

A)

Debits Cash $15,000 and credits Consulting Revenue $15,000

B)

Debits Cash $15,000 and credits Unearned Consulting Revenue $15,000

C)

Debits Consulting Revenue $12,000 and credits Unearned Consulting Revenue $12,000

D)

Debits Unearned Consulting Revenue $3,000 and credits Consulting Revenue $3,000