Khaleel is a university student who is often short of cash. A month may pass and he has no idea where his money went. After suffering with this problem for several months, Khaleel decides to monitor his spending for the next month. He keeps his records using a software package. The summary of Khaleel’s spending for the month follows:

Required:
Prepare a statement that organizes the information from the month’s spending in a useful way. Explain why you organized the information the way that you did. How could you use the information if you were Khaleel?

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Date Amount Feb 4 $12.25 Feb 4 100.00 Feb 4 -22.50 Feb 6 -4.50 Feb 6 -6.25 Feb 10 -65.75 Feb 11 -5.25 Feb 12 50.00 Feb 12 -18.25 Feb 15 -10.00 Feb 17 -5.00 Feb 19 50.00 Feb 19 -22.50 Purpose Starting balance (cash in wallet) Cash from ATM Dinner and movie Photocopy of Steve's notes Lunch Book for course Snacks Cash from ATM Date with Emily Long-distance phone card Contribution to charity drive Cash from ATM Card and gift for Dad