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.

Question

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.​

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The Answer 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.​

Prepare the Journal Entry for the Following Transaction