Question

During 2018, the following events occurred for Clouseau Consultants

   Clouseau provided $56,044 of consulting services to its clients but no cash has been collected.

    Clouseau collected $25,742 cash from customers in partial settlement of its accounts receivable.

    Clouseau paid the instructor $10,750 cash for teaching training courses (salary expense).

    Clouseau paid $3,276 for supplies. Half of the supplies were used in 2018.

    Clouseau paid $3,380 in dividends.

After recording all these transactions, Clouseau’s assets will increase by $_________

Answer 1

Accounts Receivable	$         56,044		Cash received	$ 25,742
Cash received	$       -25,742		Salary expense	$-10,750
Balance	$         30,302		Paid to supplier	$   -3,276
			Dividend Paid	$   -3,380
Closing Stock	$           1,638		Balance	$    8,336
Assets
Accounts Receivable	$         30,302
Cash	$           8,336
Closing Stock	$           1,638
Total	$         40,276

After recording all these transactions, Clouseau’s assets will increase by $ 40276