At the beginning of the school year, Priscilla Wescott 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) $6,510 Purchase season football tickets in September 90 Additional entertainment for each month 230 Pailr fall semester tuib'on in September 3,500 Painr rent at the beginning of each moni 320 Painr for food each month 180 Pailr apartment deposit on September 2 [to be returned December 15) 500 | Parttime job earnings each month [net of taxes) 810 a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign. Priscilla Wescotl: Ch Budget For lhe Four Honlhs Ending December 31 September October November December Estimated cash receipts from: Part-lime job i $1 $1 $1 Deposit i :i Total cash receipts Less esb'mated cash payments for: Season football lickets :: Additional entertainment 3! Tuition 3: Rent :E Food I! Deposit E! Total cash payments Cash increase (decrease) Plus cash balance at beginning of month i Cash balance at end of mondi ioojhjjojo t t .351