I have been able to record from vinyl records to my PC, but I am unable to record a CD from that file in a form which can be played on a CD player. I am using Audacity, so can export the file as .mp3, .wav or .ogg.
If you have iTunes (free) you can import to i tunes music in mp3 format and burn a CD in audio format. It will also let you print a jewel case insert with artist, track etc.About 20 tracks per CD. I agree with CD - R. I also use Roxio Creator 2009 but this is not free. I do not know Audacity - does it have an "audio" function ?