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In: Finance

Here is a portion of Chuck Schwartz's budget record for a recent month. Fill in the...

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 $600    $610    $10    $   $  
Utilities 160    176    -10         
Food 600    595    -2         
Auto 60    2    -5         
Recreation and entertainment 90    90    15         

Solutions

Expert Solution

Monthly Cumulative
Amount Amount Beginning Surplus Surplus
Item Budgeted Spent Balance (Deficit) (Deficit)
[1] [2] [3] [4] [5] [6]
Rent $     600.00 $      610.00 $    10.00 $   -10.00 $             -  
Utilities $     160.00 $      176.00 $   -10.00 $   -16.00 $       -26.00
Food $     600.00 $      595.00 $     -2.00 $     5.00 $          3.00
Auto $       60.00 $          2.00 $     -5.00 $    58.00 $        53.00
Recreation and entertainment $       90.00 $        90.00 $    15.00 $         -   $        15.00

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