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At the beginning of the 2016 school year, Britney Logan decided to prepare a cash budget for the months of September, October, November, and December.

At the beginning of the 2016 school year, Britney Logan 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) $6,300
Purchase season football tickets in September 90
Additional entertainment for each month 220
Pay fall semester tuition in September 3,400
Pay rent at the beginning of each month 300
Pay for food each month 170
Pay apartment deposit on September 2 (to be returned December 15) 400
Part-time job earnings each month (net of taxes) 780

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.

Britney Logan
Cash Budget
For the Four Months Ending December 31, 2016
September October November December
Estimated cash receipts from:
Part-time job $ $ $ $
Deposit
Total cash receipts $ $ $ $
Estimated cash payments for:
Season football tickets $
Additional entertainment $ $ $
Tuition
Rent
Food
Deposit
Total cash payments $ $ $
Cash increase (decrease) $ $ $ $
Cash balance at beginning of month
Cash balance at end of month $ $ $ $

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