FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Subject-chemistry
Personal Budget [ Cash balance,
September 1 (from a summer job) $
7,980; Purchase season football tickets
in September 110; Additional
entertainment for each month 280; Pay
fall semester tuition in September 4, 300;
Pay rent at the beginning of each month
390; Pay for food each month 220; Pay
apartment deposit on September 2 (to
be returned December 15) 600; Part -
time job earnings each month (net of
taxes) 990] 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.
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Transcribed Image Text:Personal Budget [ Cash balance, September 1 (from a summer job) $ 7,980; Purchase season football tickets in September 110; Additional entertainment for each month 280; Pay fall semester tuition in September 4, 300; Pay rent at the beginning of each month 390; Pay for food each month 220; Pay apartment deposit on September 2 (to be returned December 15) 600; Part - time job earnings each month (net of taxes) 990] 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.
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