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 1 (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 $7,010 100 2401 3,800 3401 190 Pay apartment deposit on September 2 (to be returned December 15) 500 870 Part-time job earnings each month (net of taxes) 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 Estimated cash receipts from: Part-time job Deposit For the Four Months Ending December 31 September October November December