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 of $1,000
D)Purchase of a $2,000 piece of Equipment

Question

Quizplus · Accepted Answer

An auxiliary petty cash record is used to track small transactions such as the purchase of supplies that are too small to justify writing a check. Payment of salaries or owner withdrawals are significant transactions and would not be recorded in a petty cash record. Purchase of equipment is also a significant transaction that would be recorded separately.

Which of the Following Transactions Would Be Recorded in an Auxiliary