01:25:38 Hide Time Question 4 w Policies arrent Attempt in Progress Compton Inc. made a $500 ordinary repair to a piece of equipment Compton's accountant debited this amount to the asset account Equipment, and credited Cash Was this the correct entry and if not, why not? Yes, this was the correct entry. No, the correct entry would be a debit to Service Revenue and a credit to Cash. No, the correct entry would be a debit to Maintenance and Repairs Expense and a credit to Cash No, the correct entry would be a debit to Cash and a credit to Maintenance and Repairs Expense. Attempts of 1 used Submer Save for Later