1. Personal An accounting device used to plan and control resources of operational departments and divisions.Budget

   At the beginning of the school year, Craig Kovar decided to prepare a A budget of estimated cash receipts and payments.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)	$9,250
   Purchase season football tickets in September	160
   Additional entertainment for each month	250
   Pay fall semester tuition in September	4,800
   Pay rent at the beginning of each month	600
   Pay for food each month	550
   Pay apartment deposit on September 2 (to be returned December 15)	600
   Part-time job earnings each month (net of taxes)	1,200

   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
   	September	October	November	December
   Estimated cash receipts from:
   Additional entertainment Food Part-time job Rent Tuition	$	$	$	$
   Additional entertainment Deposit Food Rent Tuition
   Total cash receipts	$	$	$	$
   Less estimated cash payments for:
   Cash Insurance Movie tickets Part-time job Season football tickets	$
   Additional entertainment Cash Insurance Movie tickets Part-time job		$	$	$
   Cash Insurance Movie tickets Part-time job Tuition
   Cash Insurance Movie tickets Part-time job Rent
   Cash Food Insurance Movie tickets Part-time job
   Deposit Insurance Movie tickets Part-time job Prepaid rent
   Total cash payments	$	$	$	$
   Cash increase (decrease)	$	$	$	$
   Less cash balance at beginning of month Plus cash balance at beginning of month
   Cash balance at end of month	$	$	$	$