Budgeting Systems for Management AccountingWarren / Reeve / DuchacExercise 21-1 solution |
At the beginning of the 2010 school year, Britney Logan 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:
a. Prepare the cash budget for September, October, November, and December. If an amount is zero or should be blank, enter 0. Enter the amounts for the cash payments as positive numbers. However, use the minus sign to indicate a decrease in cash for the cash increase (decrease) line.
