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please answer all blanks correctly using the information provided. thanks! Jamie Lee Jackson, age 24 , now a busy full-time college student and part-time bakery

please answer all blanks correctly using the information provided. thanks! image text in transcribed
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Jamie Lee Jackson, age 24 , now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $8,500 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sit down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. Jamie Lee's telephone is currently paid for by her father as she is on the family phone plan. She realizes that she must stay on track and keep a detalled budget if she is to realize her dream of being selfemployed after college graduation. Use the information below to record Jamie Lee's inflows and outflows of cash for a one-month period. Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. Rainy day savings $30 For Month Ending December 31 Cash Inflows Salary (take-home) Other income Other income Total Cash Outflows Flxed expenses Mortgage or rent Loar/credit card payment Insurance Other Total fixed outhows \begin{tabular}{lll} \hline & & \\ $ & & \\ \hline & & \\ \hline \end{tabular} Variable expenses Food Clothing Electricity Telephone Water Transportation Personal care Medical expenses Recreation/entertainment Gifts Donations Cable Other $0 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ For Month Ending December 31} \\ \hline \multicolumn{4}{|l|}{ Cash Inflows } \\ \hline Salary (take-home) & & & \\ \hline Other income & & & \\ \hline \multicolumn{4}{|l|}{ Other income } \\ \hline Total & & $ & 0 \\ \hline \multicolumn{4}{|l|}{ Cash Outflows } \\ \hline \multicolumn{4}{|l|}{ Flxed expenses } \\ \hline Mortgage or rent & & & \\ \hline Loan/credit card payment & 5 & & \\ \hline Insurance & & & \\ \hline Other & c. & & \\ \hline \multicolumn{2}{|l|}{ Total fixed outhows } & s & 0 \\ \hline \multicolumn{4}{|l|}{ Variable expenses } \\ \hline \multicolumn{4}{|l|}{ Food } \\ \hline \multicolumn{4}{|l|}{ Clothing } \\ \hline \multicolumn{4}{|l|}{ Electricity } \\ \hline \multicolumn{4}{|l|}{ Telephone } \\ \hline \multicolumn{4}{|l|}{ Water } \\ \hline \multicolumn{4}{|l|}{ Transportation } \\ \hline \multicolumn{4}{|l|}{ Personal care } \\ \hline \multicolumn{4}{|l|}{ Medical expenses } \\ \hline \multicolumn{4}{|l|}{ Recreationventertainment " } \\ \hline \multicolumn{4}{|l|}{ Gifts } \\ \hline \multicolumn{4}{|l|}{ Donations } \\ \hline \multicolumn{4}{|l|}{ Cable } \\ \hline \multicolumn{4}{|l|}{ Other } \\ \hline \multicolumn{2}{|l|}{ Total variable outflows } & $ & 0 \\ \hline \multicolumn{2}{|l|}{ Total outflows } & s & 0 \\ \hline \multicolumn{2}{|l|}{ Surplus (deficit) } & $ & 0 \\ \hline \multicolumn{4}{|l|}{ Allocation of surplus } \\ \hline \multicolumn{4}{|l|}{ Emergency fund savings } \\ \hline \multicolumn{4}{|l|}{\begin{tabular}{l} Financial goal savings \\ Other savings \end{tabular}} \\ \hline Other savings & L & & \\ \hline \end{tabular}

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