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Personal Budget At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and

Personal Budget At the beginning of the school year, Priscilla Wescott 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 Pay apartment deposit on September 2 (to be returned December 15). Part-time job earnings each month (net of taxes) $6,290 90 220 3,400 300 170. 400 780 a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.. Estimated cash receipts from: Part-time job Deposit Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October November December 780 780 780 780 V 400 Estimated cash receipts from: Part-time job Priscilla Wescott Cash Budget For the Four Months Ending December 31. Deposit Total cash receipts Less estimated cash payments for: Season football tickets: September October November December 780 $ 780 S 780 V 780 V 400 780 780 s 780 $1,180 90 Additional entertainment 220 220 220 220 Tuition Rent Food 3,400 300 V 300 300 300 170 170 170 170 Deposit 400 Total cash payments 4,580 V 690 Cash increase (decrease) $2,490 X 690 -2,580 X $2,670 x $2,760 X 690 Plus cash balance at beginning of month 6,290 3,270 X 3,450 X 3,450 X Cash balance at end of month / 2,490 V 2,580 V 2,670 V 3,160

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