Deferred Revenue Accounting (Unearned Revenue, Unearned Income, Allocation)

How to allocated the revenue (earned) for a deferred revenue (unearned revenue as a liability on the balance sheet) as its earned, deferred revenue is revenue received in advance of provding any goods or service to the customer, the revenue is allocated and matched to the period its earned by directly charging the unearned revenue account also referred to as (deferred revenue), recognized revenue on the income statement, the direct charge to the unearned (deferred) revenue account serves two functions (1) reduces the liability on the balance sheet (liability account) and (2) used to recognize the allocated revenue on the income statement, detailed example showing balance sheet and income statement using (T Accounts) journal entries used in this accounting process for charging the deferred (unearned) revenue account and allocating revenue on the income statement as its earned by Allen Mursau