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Personal Budgel At the beginning of the schaal year, Priscilla Wescott dedded to prepare a cash budget for the months of September, October, November, and
Personal Budgel At the beginning of the schaal year, Priscilla Wescott dedded to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash an December 31 to pay the spring semester tuition, which s the same as the fall tu tion. The following Informatlon relates to the budget: Cash balance, September 1 (from a summer job) Purchase season foatball tickets in September Additional entertainment for each month Pay fall semester tuition in September Pay rent at the beginning af each month Pay for food each month Pay apartment deposit on September 2 (to be returned December 15) Part-time job earnings each month (net of taxes) n. Prepare a cash budget for September, October, November, and December, Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. $8,410 110 290 4,500 410 230 1,040 Priscilla Wescott Cash Budget December 31 October For the Four Months E December Estimated cash receipts from: Part-time job 1.040 600 sl 1.610 | 1.040 1.040 Total cash receipts 1.010 v 1.040 | v' ? 1.040 | Less estimated cash payments for: Season football tickets Additional entertainment 290 290 290 290 4,500 Rent 410 410 Food 230 230 230 230 600 Total cash payments Cash increase (decrease) 5,100
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