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ay Shapiro had an office desk that he wasn't using at home, so he sold it to his company, Shapiro Consulting, for $250 cash. What
ay Shapiro had an office desk that he wasn't using at home, so he sold it to his company, Shapiro Consulting, for $250 cash. What effect would this transaction have on owner's equity? Select answer from the options below None, as only asset accounts would be affected. Owner's Equity would decrease by $250. Owner's Equity would increase by $250. None, as the journal entry would include a debit to Drawings for $250 and a credit to Owner's Capital for $250
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