Personal Budget At the beginning of the school year. Priscilla Wescott decided to prepare a cash budget for the month of September October November and December. The budget must plan for enough cash on Decen 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) $6,440 Purchase season football tickets in September 20 Additional entertainment for each month 220 Pay fall semester tuition in September 3,500 Pay rent at the beginning of each month 310 Pay for food each month 100 Pay apartment deposit on September 2 to be returned December 15) 400 Part time job earnings each month (net oftas) 000 . Prepare a cash budget for September October November and December, er all amounts sportive values except th decrease which should be indicated with a minus vign, Priscilla Wescort Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from Total cash receipts Less estimated cash payments for Printem For the Four Months Ending December 31 September October November December Estimated cash receipts from Total cash receipts Less estimated cash payments for Il 0 TD II O Moi Total cash payments Cash increase (decrease) 99 Cash balance at end of month b. Are the four monthly budgets that are presented prepared as static budgets or ble budget? 6. What are the budget implications for Priscilla Wescott? Priscilla can see that her present plan December vath no time left to adjust. sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be at the end of Check My Work