bought my daughter a new office desk and furniture for his apartment. She is in...

70.2K

Verified Solution

Question

Accounting

bought my daughter a new office desk and furniture for his apartment. She 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!

Please provide the JE.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students