How do you clear the Android Studio Logcat console log?

The Clear Logcat "trash" button is located to the left of the Logcat console.

I find that in Android Studio version 1.0.1 you must then additionally click the Reset button. Otherwise, the console stops logging after Clear Logcat is pressed. I am not sure if this is intended behavior.

If you cannot see the toolbar, right-click on the logcat screen and click Show Toolbar After that you may click trash-bin icon on top of it.