I just wanted to share a recent recipe for a good, easy finish:
Minwax Polyurethane.
My easy recipe is one pint of semi-gloss, one pint of satin, one pint of mineral spirits. Shake well.
I use blue shop towels for application, and single serve yogurt containers for dipping.
I have found this product to mix very well with mineral spirits, and has comparatively low odor to phenolic resin varnishes I've used.
The issue many have with poly is that it looks like plastic. I agree, but only if brushed on, and mostly with gloss sheen. Wiped on, and NOT BUILT UP THICK, this is not an issue for me.
The satin/semi mix is great on open grained woods, where the uneven reflection of light can cause issues with any gloss product.
Sand to 400 or 600 grit. It's nice to vaccuum the surface and wipe it all down. But you don't have to be too careful. Any captured dust will be sanded or wiped off later.
For the first coat, flood it on, wipe it around, come back in five mins, and wipe off the excess or any pools. Rub in any areas that are absorbing too much.
For the subsequent coats, the big 'secret' I've realized with wipe on varnishes is that you cannot overwork it. I apply it with a folded 1/3 shop towel such that the whole surface is slick, in circles. Then I open up that same towel, and wipe in large circles just to spread out any build up. Then, I look for any missed spots, give them a quick swipe, then WALK AWAY. The problem with wipe on varnish is over wiping or working it too much. Especially with the satin/semi mix, parts will dry fairly quickly to a dull sheen, which can give you the impression that you missed a spot or even that there's a ridge. I tried to show this in the second pic. Ignore it. If you've wiped thin enough and with broad circles, those spots are illusions. Don't try to lay it 'with the grain'.
Every couple coats you can sand with 600 grit sandpaper. You can do it with the surface misted with water or mineral spirits, or dry. Sand for feel. When it feels good to your fingers, wipe it all down, let it dry, then apply another finish coat. Unlike some other wiping varnishes, which can take two more coats to bring back and even luster, this mix shines back up after one even very thin coat.
This finish is so fool proof, I don't even have to apply it in a dust-free location; I apply it right in my dusty shop with no ill effects.
Anyway, don't be afraid of wipe on poly. It works for me.
The third pic shows it fairly dry. It has about 5 coats. Any more and it starts to look like plastic, IMHO.
While not bombproof, it's surprisingly durable and resistant to dings. I'm forever looking for a finish that strikes a balance between durability, appearance, ease of application, and simplicity of setup. This finish has all those qualities, and is relatively inexpensive to boot!