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)	$7,040
Purchase season football tickets in September	100
Additional entertainment for each month	240
Pay fall semester tuition in September	3,800
Pay rent at the beginning of each month	340
Pay for food each month	190
Pay apartment deposit on September 2 (to be returned December 15)	500
Part-time job earnings each month (net of taxes)	870

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.

Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job $ UI Deposit - UB Total cash receipts Estimated cash payments for: Season football tickets Additional entertainment $ $ Tuition Rent = Food $ $ Deposit Total cash payments Overall cash increase (decrease) Cash balance at beginning of month Cash balance at end of month