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On October 1, 2022, Castor Company establishes a petty cash fund for $325. On October 31,2022 , the following paid petty cash receipts were submitted

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On October 1, 2022, Castor Company establishes a petty cash fund for $325. On October 31,2022 , the following paid petty cash receipts were submitted for replenishment of the petty cash fund when there is $41 cash in the fund: Instructions 1. Prepare the journal entry required to establish the petty cash fund on October 1. 2. Prepare the journal entry required to record the replenishment of the fund on October 31. 3. 1 point What type of account is Petty Cash and what is its normal balance

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