Which of the following transactions would be recorded in an auxiliary petty cash record?
A)Purchase of first aid supplies
B)Payment of Salaries Expense
C)Owner Withdrawal
D)Purchase of a $2,000 piece of Equipment

Question

Quizplus · Accepted Answer

An auxiliary petty cash record is a separate record used to track small cash transactions, typically under $100. Purchasing first aid supplies would fall under this category. Payment of salaries expense, owner withdrawal, and purchase of a $2,000 piece of equipment would not be recorded in the petty cash record.

Which of the Following Transactions Would Be Recorded in an Auxiliary