Personal Budget

At the beginning of the 2014 school year, Britney Logan 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 1 (from a summer job)	$9,130
Purchase season football tickets in September	120
Additional entertainment for each month	320
Pay fall semester tuition in September	4,900
Pay rent at the beginning of each month	440
Pay for food each month	250
Pay apartment deposit on September 2 (to be returned December 15)	600
Part-time job earnings each month (net of taxes)	1,130