Question: Financial Planning Exercise 6 Identifying missing budget items Here is a portion of Chuck Schwartz's budget record for a recent month. Fill in the blanks
Financial Planning Exercise 6 Identifying missing budget items
Here is a portion of Chuck Schwartz's budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0".
| Monthly | Cumulative | |||||
| Amount | Amount | Beginning | Surplus | Surplus | ||
| Item | Budgeted | Spent | Balance | (Deficit) | (Deficit) | |
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Rent | $450 | $430 | -$30 | $ | $ | |
| Utilities | 200 | 177 | 10 | |||
| Food | 500 | 525 | -5 | |||
| Auto | 70 | 49 | 10 | |||
| Recreation and entertainment | 100 | 100 | 15 | |||
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To fill in the missing budget items in columns 5 and 6 Monthly SurplusDeficit and Cumulative ... View full answer
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