Perry Trucking has its local automotive service company change the oil on its trucks. They bill is $1,200, which Perry pays in cash. How would the company record this transaction? 1) Debit Trucks for $1,200 and credit Cash for $1,200. 2) Debit Repairs Expense for $1,200 and credit Cash for $1,200. 3) Debit Trucks for $1,200 and credit Accounts Payable for $1,200. 4) Debit Repairs Expense for $1,200 and credit Accounts Payable for $1,200. 5) Debit Depreciation Expense for $1,200 and credit Cash for $1,200