Hovsepian, Inc. paid $2,600 to install an air-conditioning system in a delivery truck; the truck did not have air conditioning previously. To record this transaction, Hovsepian's accountant debited $2,600 to the asset account, Delivery Trucks, and credited Cash. Was this the correct journal entry and if not, why not? No, the correct entry would be a debit to Depreciation Expense and a credit to Cash. Yes, this was the correct entry, No, the correct entry would be a debit to Cash and a credit to Accumulated Depreciation No, the correct entry would be a debit to Repairs & Maintenance Expense and a credit to Cash No, the correct entry would be a debit to Cash and a credit to Repairs & Maintenance Expense