I bought my son a new office desk and furniture for his apartment. He is in college, and I am supporting his efforts as much as I can. I bought the desk and furniture at Hudsons. The entire purchase cost me $7,550. This is good quality furniture and should last at least 10 years. I should be able to sell this as used furniture for about $1,000 at the end of ten years. This furniture is for his personal use, but I used the company account to write the check (check #100) so that I can treat it as a business expense.

I am a corporation, what journal entry should I make?