Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone solve this for me i mentioned the spreadsheet screenshot to solve on from the question as well. Personal budget At the beginning of

can someone solve this for me

i mentioned the spreadsheet screenshot to solve on from the question as well.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Personal budget At the beginning of the school year, Craig Kovar 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: $10,650 Cash balance, September 1 (from a summer job) Purchase season football tickets in September 180 Additional entertainment for each month 280 Pay fall semester tuition in September 5,500 680 Pay rent at the beginning of each month Pay for food each month 620 680 Pay apartment deposit on September 2 (to be returned December 15) Part-time job earnings each month (net of taxes) 1,350 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. IMAHI Open spreadsheet 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. Craig Kovar Cash Budget Open spreadsheet 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. Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $ $ $ Deposit Total cash receipts $ $ $ $ estimated cash payments for: Season football tickets $ Additional entertainment $ Tuition Rent Food Craig Kovar Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $ $ $ Deposit Total cash receipts $ $ Less estimated cash payments for: Season football tickets $ Additional entertainment Tuition Rent Food Deposit Total cash payments $ $ Cash increase (decrease) Plus cash balance at beginning of month Cash balance at end of month $ $ $ H9 fx B D E F G H A Personal budget 1 2 At the beginning of the school year, Craig Kovar 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 ser which is the same as the fall tuition. The following information relates to the budget: 3 7 00 OEM DATA Cash balance, September 1 (from a summer job) Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September 10 Pay rent at the beginning of each month 11 Pay for food each month 12 Pay apartment deposit on September 2 (to be returned December 1 13 Part-time job earnings each month (net of taxes) 14 15 $10,650 180 280 5,500 680 620 680 1,350 Select the corresponding accounts in the dropdowns in cells B23:B24, B27:B32, B35. Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the C, D, E, and F columns. numeric results for the green entry cells (C23:F23, F24, C25:F25, C27, C28:F28, C29, C30:F31, C32, C33:F36, F39) into the appropriate fields in CNOWv2 for grading. 16 17 18 19 20 21 Craig Kovar Cash Budget For the Four Months Ending December 31 Sentember October Formulas November December

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Payroll Accounting 2020

Authors: Jeanette Landin

6th Edition

1260943895, 9781260943894

More Books

Students also viewed these Accounting questions

Question

Do the measurement items or tools have content relevance?

Answered: 1 week ago

Question

2. What factors infl uence our perceptions?

Answered: 1 week ago

Question

4. Does mind reading help or hinder communication?

Answered: 1 week ago