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 $20,000 piece of Equipment

Question

Quizplus · Accepted Answer

An auxiliary petty cash record is used to track small cash expenditures, such as office supplies or small equipment. Purchasing first aid supplies would fall under this category. Payment of Salaries Expense and Owner Withdrawal would not be recorded in the petty cash record since they are not small cash expenditures. Purchase of a $20,000 piece of Equipment is not a small expenditure and would not be recorded in the petty cash record.

Which of the Following Transactions Would Be Recorded in an Auxiliary