A tractor was purchased on 1/1/21 for $10,000. On 6/1/21 the tractor needed a new belt and tires. The repairs and maintenance cost a total of $1,250. Which of the following is the correct journal entry to record the cost of the repairs and maintenance?

Question 13 options:

Debit Cash 1,250 Credit Repairs & Maintenance Expense 1,250

Debit Equipment 1,250 Credit Cash 1,250

Debit Repairs & Maintenance Expense 1,250 Credit Cash 1,250

Debit Tractor 11,250 Credit Cash 11,250