Accountants: how do you journalize an expenditure for your company?

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Example: You purchase a desk with your own cash for your own private corporation: Would it be: debit office furniture, credit director's loans? Thanks.

Accountants: how do you journalize an expenditure for your company?

It would be a DR: to office furniture but not sure what you mean by director's loans exactly.

Accountants: how do you journalize an expenditure for your company?

To make it simple, Debit Furniture and Credit Cash. Put the money into your own pocket.

If you have no cash, Debit Furniture and Credit Account Payable-MaryC

Accountants: how do you journalize an expenditure for your company?

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