Multiple Choice Question 139 Compton Inc. made a $500 ordinary repair to a plece 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 No, the correct entry would be a debit to Cash and credit to Maintenance and Repairs Expense. No, the correct entry would be a debit to Maintenance and Repairs Expense and a crear to Cash O No, the correct entry would be a debit to Service Revenue and a credit to Cash Yes, this was the correct entry