Question

Prepare the journal entry for the following transaction. Apr. 15 Last year, Titan Corporation's board of...

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
1 Apr. 15 1
2 2
Business   Accounting   
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Transfer to retained earning Appropriation account.

answered by: anonymous
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