geNOWv2 | Online teachir x T Plan & Schedule Courses - Troy ceAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator 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) $5,750 Purchase season football tickets in September 210 Additional entertainment for each month 275 Pay fall semester tuition in September 3,700 Pay rent at the beginning of each month 600 Pay for food each month 235 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 1,400 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 1,400V $4 $4 Deposit Check My Work Next Email Instructor Save and Exit Submit Assignment for Gra II F8 F4 F5 F6 F7 F9 F10 %24 %24
geNOWv2 | Online teachir x T Plan & Schedule Courses - Troy ceAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator 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) $5,750 Purchase season football tickets in September 210 Additional entertainment for each month 275 Pay fall semester tuition in September 3,700 Pay rent at the beginning of each month 600 Pay for food each month 235 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 1,400 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 1,400V $4 $4 Deposit Check My Work Next Email Instructor Save and Exit Submit Assignment for Gra II F8 F4 F5 F6 F7 F9 F10 %24 %24
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 3.5C
Related questions
Question
Need answer to part a and b
Transcribed Image Text:geNOWv2 | Online teachir x
T Plan & Schedule Courses - Troy
ceAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
eBook
Show Me How
Calculator
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)
$5,750
Purchase season football tickets in September
210
Additional entertainment for each month
275
Pay fall semester tuition in September
3,700
Pay rent at the beginning of each month
600
Pay for food each month
235
Pay apartment deposit on September 2 (to be returned December 15)
500
Part-time job earnings each month (net of taxes)
1,400
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
1,400V
$4
$4
Deposit
Check My Work
Next
Email Instructor
Save and Exit
Submit Assignment for Gra
II
F8
F4
F5
F6
F7
F9
F10
%24
%24
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