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. POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 Apr. 15 2
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. POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 Apr. 15 2
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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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.
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 Apr. 15
2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55cbc1b8-8269-4e5d-8231-1e83feba08f0%2F16863e0c-a325-4c22-a118-72718a399d9c%2Fkc8necd_processed.png&w=3840&q=75)
Transcribed Image Text: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.
POST.
DATE
DESCRIPTION
DEBIT CREDIT
REF.
1 Apr. 15
2
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