received invoice journal entry journal entry for received an invoice for truck expenseswhen prepaying for an expense the journal entry is pretty much straight forward for example your pany pays for their insurance 6 months in advance.
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what are journal entries journal entries are the building blocks of financial accounting and record all transactions in your business in freshbooks all your activities sending invoices accepting payments and creating credits and expenses are piled into journal entries that can be sent to your financial adviser in. what is the entry when merchandise has been received but what is the entry when merchandise has been received but not the vendor s invoice if you received merchandise but have not received the vendor s invoice by the end of the accounting period you need to 1 debit purchases periodic method or debit inventory perpetual method for the cost of the goods or merchandise received and 2 credit.
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