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Personal BudgetAt the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December.
Personal BudgetAt 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 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:Cash balance, September from a summer job$Purchase season football tickets in SeptemberAdditional entertainment for each monthPay fall semester tuition in SeptemberPay rent at the beginning of each monthPay for food each monthPay apartment deposit on September to be returned December Parttime job earnings each month net of taxesQuestion Content Areaa. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.KATHERINE MALLOYCash BudgetFor the Four Months Ending December SeptemberOctoberNovemberDecemberEstimated cash receipts from:Parttime job$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdcDepositfill in the blank afffdcTotal cash receipts$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdcEstimated cash payments for:Season football tickets$fill in the blank afffdcAdditional entertainmentfill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdcTuitionfill in the blank afffdcRentfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcFoodfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcDepositfill in the blank afffdcTotal cash payments$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdcOverall cash increase decrease$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdcCash balance at beginning of monthfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcfill in the blank afffdcCash balance at end of month$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc$fill in the blank afffdc
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