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Personal Budget

At the beginning of the school year, Craig Kovar 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$)$ $$9,250$

Purchase season football tickets in September $160$

Additional entertainment for each month $250$

Pay fall semester tuition in September $4,800$

Pay rent at the beginning of each month $600$

Pay for food each month $550$

Pay apartment deposit on September $2($to be returned December $15)600$

Part$-$time job earnings each month $($net of taxes$)1,200$

Question Content Area

a$.$ Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

Craig Kovar

Cash Budget

For the Four Months Ending December $31$

September October November December

Estimated cash receipts from:

$$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

Total cash receipts $fill in the blank fae$94$d$00$b$035$fa$7\_8$

$fill in the blank fae$94$d$00$b$035$fa$7\_9$

$fill in the blank fae$94$d$00$b$035$fa$7\_10$

$fill in the blank fae$94$d$00$b$035$fa$7\_11$

Less estimated cash payments for:

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total cash payments $fill in the blank fae$94$d$00$b$035$fa$7\_33$

$fill in the blank fae$94$d$00$b$035$fa$7\_34$

$fill in the blank fae$94$d$00$b$035$fa$7\_35$

$fill in the blank fae$94$d$00$b$035$fa$7\_36$

Cash increase $($decrease$)$ $fill in the blank fae$94$d$00$b$035$fa$7\_37$

$fill in the blank fae$94$d$00$b$035$fa$7\_38$

$fill in the blank fae$94$d$00$b$035$fa$7\_39$

$fill in the blank fae$94$d$00$b$035$fa$7\_40$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Cash balance at end of month $fill in the blank fae$94$d$00$b$035$fa$7\_46$

$fill in the blank fae$94$d$00$b$035$fa$7\_47$

$fill in the blank fae$94$d$00$b$035$fa$7\_48$

$fill in the blank fae$94$d$00$b$035$fa$7\_49$

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