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Global Entity is a retailer situated in Windhoek that sells various products. All the inventory that was purchased by Global Entity for N$40 000 in

Global Entity is a retailer situated in Windhoek that sells various products. All the inventory that was purchased by Global Entity for N$40 000 in December 2021, was sold and delivered to DB Audio Entity for N$60 000 on 26 January 2022 on a Cash on Delivery Basis. Global Entity makes use of a perpetual inventory system. Show the effect of the transactions on the Accounting Equation, using the equation: A= OE + L

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