| You are a first-year university student and excited about moving away from home to go to university. You have saved $6,000 from your summer employment and your parents have agreed to match that $6,000. In addition, you have received a $9,000 student loan. All of this money is intended to last you for the academic year. At September 1, you had $21,000 cash ($6,000 + $6,000 + $9,000), and a cellphone that cost $200. You have kept all of the receipts for all of your expenditures between September 1 and December 15. The following is a complete list of your cash receipts. Residence and meal plan fees ($1,100 per month)…………………………..$4,400 Damage deposit on residence……………………………………………………………400 Tuition for September to December………………………………………………..3,500 Textbooks………………………………………………………………………………………600 Personal costs (personal items, entertainment, eating out)…………………1,500 New clothes…………………………………………………………………………………1,500 Cellphone costs……………………………………………………………………………….250 Computer…………………………………………………………………………………….1,000 Travel to go home at Christmas…………………………………………………………4 |
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