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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

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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 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) $8,710 Purchase season football tickets in September 120 Additional entertainment for each month 300 Pay fall semester tuition in September 4,700 Pay rent at the beginning of each month Pay for food each month Pay apartment deposit on September 2 to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,080 240 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 Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October Novembe or December Estimated cash receipts from: Part-time job Deposit Total cash receipts Less estimated cash payments for Priscilla Wescott Cash Budget For the Four Months Ending December 31 September October Estimated cash receipts from: Part-time job November December Deposit Total cash receipts Less estimated cash payments for: Season football tickets Additional entertainment Tuition To d'OLIVUDODON 10 d d du dod Rent Food Deposit 0 00 00 Total cash payments Cash increase (decrease) Plus cash balance at beginning of month Plus cash balance at beginning of month v O O Cash balance at end of month

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