**All answers must be entered as a formula**

1. Prepare a sales budget, Including a schedule of expected cash collections. 2. Prepare a direct materials budget, Including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel 7 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri Paste BIU- B-S-A- Alignment Number | Conditional Format as Cell Cell Formatting = Table. Styles Clipboard Font Styles A1 X SAP Enterprises needs a cash budget for March. The following information is A C D S & P Enterprises needs a cash budget for March. The following information is available. ! Data January February March 4 Actual January and February and expected March sales: Cash sales $ 1,500 $ 3,750 $ 5,100 6 Sales on account 25,000 30.000 40 000 7 Total Sales 3 26.600 5 33.750 5 45 100 Accounts Receivable Collections: 10 Month of sale 15%% 11 Month following sale 12 Second month following sale 22% 1! Uncollectible 14 15 Accounts payable for inventory purchases, March 1 balance $10,500 18 Budgeted inventory purchases in March $23,500 17 Inventory payments: 18 Month of purchase 60%% 19 Month following purchase 40%% 20 21 Total budgeted selling & administrative expenses in March $12,500 22 Budgeted selling & administrative depreciation in March 53 20024 Other budgeted cash disbursements in March Equipment purchases $14,000 26 Dividends to be paid $2,000 26 Minimum cash balance to be maintained $10.000 29 March 1 cash balance 511 500 30 March 1 outstanding borrowings SO 31 March 1 interest due SO The company has a line of credit available to bolster the cash balance as needed, 35 Vhen preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. SE Wick the Schedules and Cash Budget tab to prepare the following: 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 40 3. Cash budget for March. Indicate in the financing section any borrowing that will be needed in March. Assume that 41 any interest will not be paid until the following month. 44Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri A Paste U Alignment Number Conditional Format as Cell Cell Formatting = Table. Styles - Clipboard Font Styles 41 Expected cash collections: A C D Expected cash collections: March cash collections March collections on account: January sales in February sales March sales 7 btel cech collections 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases btal cash payments14 S & P Enterprises 15 Cash Budget 16 For the Month of March 17 18 lash balance, March 1 15 Add cush receipts: 20 Collections from customers 21 btal cash available 21 ett disbursements: 23 Payments to suppliers 24 Selling and administrative expenses Equipment purchases Dividends paid btal disbursements 'reliminary cash balance inancing: Additional loan Loan repayments 32 Interest otel financing Cash balance, March 31 35 Budget Data Schedules and Cash Budget +