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

At the beginning of the 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:
\table[[Cash balance, September 1(from a summer job),$8,430
At the beginning of the 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:
\table[[Cash balance, September 1(from a summer job),$8,430

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