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At the beginning of the school year, Joe Student decided to prepare a cash budget for the months of September, October, November, and December. The

At the beginning of the school year, Joe Student 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:

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