Question

During 2000, the following events occurred for Clouseau Tech Company Clouseau provided $32,216 of consulting services...

During 2000, the following events occurred for Clouseau Tech Company

  1. Clouseau provided $32,216 of consulting services to its clients but no cash has been collected.
  2. Clouseau collected $23,045 cash from customers in partial settlement of its accounts receivable.
  3. Clouseau paid the instructor $11,004 cash for teaching training courses (salary expense).
  4. Clouseau paid $3,600 for supplies. Half of the supplies were used in 2018.
  5. Clouseau paid $3,981 in dividends.

After recording all these transactions, Clouseau’s cash account will increase by $

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Answer #1
Transactions Inc/ (dec) in cash
Clouseau provided $32,216 of consulting services to its clients but no cash has been collected. $                                         -  
Clouseau collected $23,045 cash from customers in partial settlement of its accounts receivable. $                                23,045
Clouseau paid the instructor $11,004 cash for teaching training courses (salary expense). $                               -11,004
Clouseau paid $3,600 for supplies. Half of the supplies were used in 2018. $                                 -3,600
Clouseau paid $3,981 in dividends. $                                 -3,981
Net increase in cash $                                  4,460

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