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

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At the beginning of the 2016 school year, Katherine Malloy 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) $5,750 210 Purchase season football tickets in September. 275 Additional entertainment for each month 3,700 Pay fall semester tuition in September. 600 Pay rent at the beginning of each month... 235 Pay for food each month 500 Pay apartment deposit on September 2 (to be returned December 15) 1A00 Part-time job earnings each month (net of taxes)

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