Solution-Prepare a cash budget for September and October

Prepare a cash budget for September and October

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Reference no: EM133172768

Question - 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)	$8,320
Purchase season football tickets in September	110
Additional entertainment for each month	290
Pay fall semester tuition in September	4,500
Pay rent at the beginning of each month	400
Pay for food each month	230
Pay apartment deposit on September 2 (to be returned December 15)	600
Part-time job earnings each month (net of taxes)	1,030

Prepare a cash budget for September, October, November, and December.

Reference no: EM133172768

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Prepare a cash budget for September and October

Reference no: EM133172768

Reference no: EM133172768

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