PersonalBudget

At the beginning of the school year, Priscilla Wescott decided to prepare cash budgetfor 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)$8,590Purchase season football tickets in September120Additional entertainment for each month300Pay fall semester tuition in September4,600Pay rent at the beginning of each month420Pay for food each month240Pay apartment deposit on September 2 (to be returned December 15)600Part-time job earnings each month (net of taxes)1,070

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 WescottCash BudgetFor the Four Months Ending December 31SeptemberOctoberNovemberDecemberEstimated cash receipts from:Part-time job

$$$$Deposit

Total cash receipts$$$$Less estimated cash payments for:Season football tickets

$Additional entertainment

$$$Tuition

Rent

Food

Deposit

Total cash payments$$$$Cash increase (decrease)$$$$Less cash balance at beginning of month

Cash balance at end of month$$$$

CengageNOWv2 | Online teachin X Cengage Learning X G Schedule of Cash Collections of / X + X O https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=.. u . . . Chapter 21 Homework 7 eBook Show Me How Calculator At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, r. The budget mu y the sp s the same as 1. EX.21-17 ALGO the fall tuition. The following information relates to the budget: 2. EX.21-01 ALGO Cash balance, September 1 (from a summer job) $8,590 Purchase season football tickets in September 120 3. EX.21-03 Additional entertainment for each month 300 4. EX.21-13 Pay fall semester tuition in September 4,600 Pay rent at the beginning of each month 420 6. EX.21-21 Pay for food each month 240 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,070 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 November December Estimated cash receipts from: Part-time job v 1,300 X Deposit v Total cash receipts Less estimated cash payments for: Season football tickets v Additional entertainment v Tuition v Rent v Food v Deposit Total cash payments Cash increase (decrease) Less cash balance at beginning of month x Cash balance at end of month Progress: 2/5 items Check My Work Previous Next> Assignment Score: 68.83% All work saved. Email Instructor Save and Exit Submit Assignment for Grading Type here to search One W 9:08 PM 7/21/2020 73