Exercises Obli24 EX 21-1 Personal budget A. December 31 cash At the beginning of the school year, Priscilla Wescott decided to prepare a cash bu balance, $3,150 months of September, October, November, and December. The budget must plan re a cash budget for the must plan for enough SHOW ME HOW EXCEL TEMPLATE 1085 Chapter 21 Budgeting nber 31 to pay the spring semester tuition, which is the same as " The following information relates to the budget: Cash balance, September 1 (from a summer job)............... $6,000 Purchase season football tickets in September................ 150 Additional entertainment for each month..................... Pay fall semester tuition in September ................. Pay rent at the beginning of each month........ Pay for food each month........... 400 Pay apartment deposit on September 2 (to be returned December 15) .... Part-time job earnings each month (net of taxes)... 1,300 250 3,500 450 450 A. Prepare a cash budget for September, October, November, and December. B. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets? C. What are the budget implications for Priscilla Wescott