A Consultant collected an advance of $ $1,800$ cash from a customer for a consulting job to be undertaken the following month. For the current month, how should this be captured in the Consultant's financial statements template?

Increase cash asset by $$1,800$ and increase liabilities by $$1,800$

Increase cash by $$1,800$ and increase earned capital by $$1,800$

Increase noncash assets by $$1,800$ and increase contributed capital by $$1,800$

Increase earned capital by $$1,800$ and reduce liabilities by $$1,800$