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a. Prepare a cash budget for September October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash

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a. Prepare a cash budget for September October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job 950 950 950 Deposit 500 950 $ 950 950 1.450 Total cash receipts Less estimated cash payments for: Season football tickets -100 Additional entertainment -2707 -270 -270 -270 Tuition 44.100 Rent -3707 -370 -370 -370 Food -210 -210 -210 -210 Deposit -500 Total cash payments Cash increase (decrease) Plus cash balance at beginning of month Cash balance at end of month Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,650 Purchase season football tickets in September 100 Additional entertainment for each month 270 Pay fall semester tuition in September 4,100 Pay rent at the beginning of each month 370 Pay for food each month 210 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 950 a. Prepare a cash budget for September October November and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from Part-time job 950 950 950 950 Deposit Soo 50 950 1.450 Total cash receipts Less estimated cash payments for Season football tickets -100 Additional

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