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Prepare the journal entry for the following transaction. Apr. 15 Last year, Titan Corporation's board of directors appropriated $150,000 for the purchase of a new
Prepare the journal entry for the following transaction.
| Apr. 15 | Last year, Titan Corporation's board of directors appropriated $150,000 for the purchase of a new storage facility over a three-year period. This year's appropriation for $50,000 was made on this date. |
If an amount box does not require an entry, leave it blank.
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ||
|---|---|---|---|---|---|---|
| 1 | Apr. 15 | 1 | ||||
| 2 | 2 |
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