21. 22. 23. Cash not available for current operations, such as those reserved for acquisition of non-current assets or those segregated for payment of long-term debt, should be excluded from cash shown as current assets. The petty cash account is debited when the fund is established and when the size of the fund is increased. A bank reconciliation is a formal financial statement that lists all of a firm's bank account balances. Depositing all cash receipts intact at the bank and making all cash disbursements by check are important cash controls. When the allowance method of recognizing uncollectible accounts is used, the entry to record the write-off of a specific account would decrease both accounts receivable and the allowance for doubtful accounts. 24. 25