Personal Baxlgel At the beginning of the school year, Priscilla Wescott decided

Question

Personal Baxlgel At the beginning of the school year, Priscilla Wescott decided to prepare a cash budgct for the months of Scptember, October, November, and December The budgct 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 relatas to the budget Cash balance, September 1 (from a summer job) Purchase scason football tickets in September Additional entertainment for each month Pay fall semester tuition in September Pay rent at the beginning of each month Pay for food cach month Pay apartment depasit on September 2 (to bereturned December 15) Part-time job eamings each month (net of taxes) a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be Indlcated with a minus sign. $6,000 150 3,500 450 400 1,300 Priscilla Wescott Cash Budget For the Four Months Ending Deccmber 31 September October November December Esumated cash recelpts from Part time job Total cash receipts Less cstmatod cash payments for: Scason football tickcts Additional entertainment

Explanation / Answer

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.

a. Cash Budget Sep Oct Nov Dec Estimated Cash Receipt from: -Part time deposit 1300 1300 1300 1300 -Deposit 450 Total Cash Receipt 1300 1300 1300 1750 Less: Estimated cash payment for: -Season Football ticket -150 -Additional Entertainment -250 -250 -250 -250 -Tution -3500 -Rent -450 -450 -450 -450 -Food -400 -400 -400 -400 -Deposit -450 Total cash payment -5200 -1100 -1100 -1100 Cash increase/(Decrease) -3900 200 200 650 Plus cash balance beginning of month 6000 2100 2300 2500 Cash Balance end of month 2100 2300 2500 3150

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.