Business, 16.04.2020 23:51 brenyasanders5345

At the beginning of the school year, Priscilla Wescott 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) $7,120 Purchase season football tickets in September 100 Additional entertainment for each month 250 Pay fall semester tuition in September 3,800 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 cash decrease which should be indicated with a minus sign.

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