TLR Consulting Keep Their Accounting Records Using the Accrual Basis

TLR Consulting keep their accounting records using the accrual basis. During 2018, they collected $425,000 from clients. On December 31, 2017 they had accounts receivable of $61,000 and on December 31, 2018 they had accounts receivable of $46,000. Additionally, they had unearned revenues of $7,000. Using the accrual basis of accounting, what did TLR Consulting earn in service fees for 2018?

A) $403,000
B) $417,000
C) $433,000
D) $447,000

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