Which of the following statements istrue?

A.

Appropriations of retained earnings require journalentries, but restrictions on retained earnings are usually reported in notes to the financial statements.

B.

No journal entries are needed to appropriate or restrict retained earnings.

C.

Restrictions on retained earnings must bejournalized, but appropriations are usually reported in notes to the financial statements.

D.

Both appropriations and restrictions of retained earnings require journal entries.