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? O Yes, this was the correct entry. O 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. O No, the correct entry would be a debit to Service Revenue and a credit to Cash