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Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and
Personal Budget
At the beginning of the school year, Katherine Malloy 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) | $5,750 |
Purchase season football tickets in September | 210 |
Additional entertainment for each month | 275 |
Pay fall semester tuition in September | 3,700 |
Pay rent at the beginning of each month | 600 |
Pay for food each month | 235 |
Pay apartment deposit on September 2 (to be returned December 15) | 500 |
Part-time job earnings each month (net of taxes) | 1,400 |
a. 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.
Katherine Malloy | ||||
Cash Budget | ||||
For the Four Months Ending December 31 | ||||
September | October | November | December | |
Estimated cash receipts from: | ||||
Part-time job | $fill in the blank e0884ffcafb4061_1 | $fill in the blank e0884ffcafb4061_2 | $fill in the blank e0884ffcafb4061_3 | $fill in the blank e0884ffcafb4061_4 |
Deposit | fill in the blank e0884ffcafb4061_5 | |||
Total cash receipts | $fill in the blank e0884ffcafb4061_6 | $fill in the blank e0884ffcafb4061_7 | $fill in the blank e0884ffcafb4061_8 | $fill in the blank e0884ffcafb4061_9 |
Estimated cash payments for: | ||||
Season football tickets | $fill in the blank e0884ffcafb4061_10 | |||
Additional entertainment | fill in the blank e0884ffcafb4061_11 | $fill in the blank e0884ffcafb4061_12 | $fill in the blank e0884ffcafb4061_13 | $fill in the blank e0884ffcafb4061_14 |
Tuition | fill in the blank e0884ffcafb4061_15 | |||
Rent | fill in the blank e0884ffcafb4061_16 | fill in the blank e0884ffcafb4061_17 | fill in the blank e0884ffcafb4061_18 | fill in the blank e0884ffcafb4061_19 |
Food | fill in the blank e0884ffcafb4061_20 | fill in the blank e0884ffcafb4061_21 | fill in the blank e0884ffcafb4061_22 | fill in the blank e0884ffcafb4061_23 |
Deposit | fill in the blank e0884ffcafb4061_24 | |||
Total cash payments | $fill in the blank e0884ffcafb4061_25 | $fill in the blank e0884ffcafb4061_26 | $fill in the blank e0884ffcafb4061_27 | $fill in the blank e0884ffcafb4061_28 |
Cash increase (decrease) | $fill in the blank e0884ffcafb4061_29 | $fill in the blank e0884ffcafb4061_30 | $fill in the blank e0884ffcafb4061_31 | $fill in the blank e0884ffcafb4061_32 |
Cash balance at beginning of month | fill in the blank e0884ffcafb4061_33 | fill in the blank e0884ffcafb4061_34 | fill in the blank e0884ffcafb4061_35 | fill in the blank e0884ffcafb4061_36 |
Cash balance at end of month | $fill in the blank e0884ffcafb4061_37 | $fill in the blank e0884ffcafb4061_38 | $fill in the blank e0884ffcafb4061_39 | $fill in the blank e0884ffcafb4061_40 |
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