Personal Budget At 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 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) Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September $7,130 100 250 3,900 Pay rent at the beginning of each month 340 Pay for food each month 190 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 880 a. 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 MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job Deposit D
Personal Budget At 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 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) Purchase season football tickets in September Additional entertainment for each month Pay fall semester tuition in September $7,130 100 250 3,900 Pay rent at the beginning of each month 340 Pay for food each month 190 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 880 a. 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 MALLOY Cash Budget For the Four Months Ending December 31 September October November December Estimated cash receipts from: Part-time job Deposit D
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am. 161.
Transcribed Image Text:Personal Budget
At 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 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)
Purchase season football tickets in September
Additional entertainment for each month
Pay fall semester tuition in September
$7,130
100
250
3,900
Pay rent at the beginning of each month
340
Pay for food each month
190
Pay apartment deposit on September 2 (to be returned December 15)
500
Part-time job earnings each month (net of taxes)
880
a. 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 MALLOY
Cash Budget
For the Four Months Ending December 31
September October November December
Estimated cash receipts from:
Part-time job
Deposit
D
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