O 01:18:30 Hate Tar Question 4 Fiew Policies Current 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? 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. Yes, this was the correct entry. Attempts: 0 of 1 used Submit Anom Save for Later (? 9 ote Type here to search O 01:21 Question 5 View Policies Current Attempt in Progress Teal Mountain Inc. recorded a loss of $8800 when it sold a van that originally cost $75000 for $12100. Accumulated depreciation on the van must have been $71700. $20900. $54100. $66200 Attempts: 0 of 1 use Save for Later Type here to search hp