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At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget...

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Accounting

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) $7,110
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 an overall cash decrease which should be indicated with a minus sign.

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