Description of the illustration big_gl_about_unearned2.gif

This figure shows a timeline starting with the G/L cycle start on 7/1. The billing cycle start is 7/3. The G/L cycle starts again on 8/1. The billing cycle ends on 9/1 and the G/L cycle ends on 9/3. The unearned revenue is from 9/1 - 9/3.