During 2018, the following events occurred for Clouseau ConsultantsClouseau provided $45,045 of consulting services to its clients but no cash has been collected.Clouseau collected $24,934 cash from customers in partial settlement of its accounts receivable.Clouseau paid the instructor $11,516 cash for teaching training courses (salary expense).Clouseau paid $4,000 for supplies. Half of the supplies were used in 2018.Clouseau paid $3,079 in dividends. After recording all these transactions, Clouseau’s total change in stockholders' equity will be $

Owner equity means the amount that belong to the owner of the business. Any profit will increase…

Answered: During 2018, the following events…

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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During 2018, the following events occurred for Clouseau Consultants

Clouseau provided $45,045 of consulting services to its clients but no cash has been collected.
Clouseau collected $24,934 cash from customers in partial settlement of its accounts receivable.
Clouseau paid the instructor $11,516 cash for teaching training courses (salary expense).
Clouseau paid $4,000 for supplies. Half of the supplies were used in 2018.
Clouseau paid $3,079 in dividends.

After recording all these transactions, Clouseau’s total change in stockholders' equity will be $

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