At the beginning of the school year, you decided to prepare a cash budget for the fall semester (months of September, October, November, and December). The budget must plan for enough cash on 12/31 to pay the spring semester tuition, which is the same as the fall tuition. The following information is available:

Cash balance, 9/1 (from a summer job) $6,000

Purchase season football tickets in September 150

Additional entertainment for each month 250

Pay fall semester tuition in September 3,500

Pay rent at the beginning of each month 450

Pay for food each month 400

Pay apartment deposit on 9/2

(to be returned 12/15) 450

Part-time job earnings (after tax) 1,300 (per month)

Prepare a budget report for Sept, Oct, Nov, and Dec. You do not need to prepare four separate budgets, you can create one report with columns for each of the months. There are intentionally no further directions on this. Part of the challenge is to think about how you will organize this information and what you want to report to show. Remember, it is homework. There is not one right answer, and you dont lose points for errors, just for not completing it.