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need this answer Personal budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September,
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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: Cash balance, September I (from a summer job) Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September Pay rent at the beginning of each month Pay for food each month Pay apartment deposit on September 2 (to be returned December IS) Part-time job earnings each month (net of taxes) Ss,310 220 3,400 300 400 780 a. Prepare a cash budget for September, October, November, and December. use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 Line Item Description Estimated cash receipts from: Total cash receipts Less estimated cash payments for: Total cash payments Cash increase (decrease) Cash balance at end of month Check My Work September October November December
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