TIMSAH Consulting Company made a six months consulting contract with one of its customer on...
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Accounting
TIMSAH Consulting Company made a six months consulting contract with one of its customer on November 1, 2020, covering the period of November, 2020 through April, 2021 (monthly consulting fee is $2,500). TIMSAH Company collected $15,000 for six months consulting fee on November 1, 2020 in advance. What would be the Unearned Consulting Revenue amount that has to be displayed on balance sheet as of December 31, 2020? A) $ 10,000 B) $5,000 C) $2,500 D) $ 12500 E) 5 15.000
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