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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

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)
$6,420
90
220
3,500
310
180
400
800
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 15)
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
For the Four Months Ending December 31
Line Item Description
September October November December
Estimated cash receipts from:
Check My Work 3 more Check My Work uses remaining.
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