At the beginning of the school year, Craig Kovar 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) $7,140
Purchase season football tickets in September 100
Additional entertainment for each month 250
Pay fall semester tuition in September 3,900
Pay rent at the beginning of each month 350
Pay for food each month 200
Pay apartment deposit on September 2 (to be returned December 15) 500
Part-time job earnings each month (net of taxes) 890

Required:
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.
b. What are the budget implications for Craig Kovar?