Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0".
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If
an amount is zero, enter "0".
Rent
Utilities
Food
Auto
Item
(1)
Recreation and entertainment
Amount Amount Beginning
Budgeted Spent
(2) (3)
Balance
(4)
$550
140
500
60
115
$570
172
495
46
115
$0
0
0
15
-5
Monthly Surplus
(Deficit)
(5)
$
-20
-32
Cumulative Surplus
(Deficit)
(6)
-20
-52](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F81b24913-f8dd-4279-aaf5-d8736883edfd%2Fe7665c49-ac63-4ea3-b73f-a10f8c92624b%2F5ht76cb_processed.png&w=3840&q=75)
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