Alles Supplies bought $10 000 worth of goods from Ajax Pty Ltd on credit. Before payment was made Ajax, in turn, purchased $4000 worth of stationery on credit from Alles Supplies. What is the general journal entry in Alles Supplies books to offset the amount owing to it against the amount it owes?

Question

Alles Supplies bought $10 000 worth of goods from Ajax Pty Ltd on credit. Before 	payment was made Ajax, in turn, purchased $4000 worth of stationery on credit from 	Alles Supplies. What is the general journal entry in Alles Supplies books to offset the 	amount owing to it against the amount it owes?

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The Answer of Alles Supplies bought $10 000 worth of goods from Ajax Pty Ltd on credit. Before 	payment was made Ajax, in turn, purchased $4000 worth of stationery on credit from 	Alles Supplies. What is the general journal entry in Alles Supplies books to offset the 	amount owing to it against the amount it owes?

Alles Supplies Bought $10 000 Worth of Goods from Ajax