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Leak Geeks, a plumbing supply company, sold $25,000 of plumbing supplies to one of their larger customers. The supplies had an inventory value of $12,000. How will the revenue and cash inflow from this
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Leak Geeks, a plumbing supply company, sold $25,000 of plumbing supplies to one of their larger customers. The supplies had an inventory value of $12,000. How will the revenue and cash inflow from this transaction impact the accounting equation of Leak Geeks?

User Mehboob Sayyed
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Answer:

How will the revenue and cash inflow from this transaction impact the accounting equation of Leak Geeks?

Step-by-step explanation:

1.+25000 Cash + 25000 equity

2.-12000 Inventory -12000 equity

User Chanaka Karunarathne
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