Prepare the journal entry for the following transaction. Apr. 15 Last year, Titan Corporation's board...
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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 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 Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 50,000 1 1 Apr. 15 Retained Earnings 2 Retained Earnings Appropriated for Storage Facility 150,000 2
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