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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 Debit Credit
Apr. 15 Please fill in the blank Please fill in the blank Please fill in the blank
Please fill in the blank Please fill in the blank Please fill in the blank

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