Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel TO FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri - 11 AA Paste BTU- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Al fx Expected cash collections: B D E 6 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 S&P Enterprises 15 Cash Budget For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 14 16 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? 5 1 XO FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri 11 -AA Paste BI U- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A Al Expected cash collections: A B D E 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Preliminary cash balance 29 Financing: 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 42 Budget Data Schedules and Cash Budget READY E + + 100% Attempt(s) Hint Cash Budget with Supporting Cash Collections and Disbursements Schedules 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 INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri 11 AA Paste BIU- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font S&P Enterprises needs a cash budget for March. The following information is D E DI 1 A & Enterprises needs a casn budget for Marcn. ine following intommation is available. 2 3 January February March 4 5 ata ctual January and February and expected March sales: ash sales ales on account atal Sales $ 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $26.000 $33.750 $ 45.100 7 9 10 11 ccounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% 12 13 14 15 $10.500 $23,500 60% ccounts payable for inventory purchases, March 1 balance 16 udgeted inventory purchases in March 17 iventory payments: 18 Month of purchase 19 Month following purchase 20 21 otal budgeted selling & administrative expenses in March 22 udgeted selling & administrative depreciation in March 40% $12,500 $3,200 23 ? - Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri 11 Paste BI AA Alignment Number Conditional Format as Cell Cells Formatting Table Styles Styles S&P Enterprises needs a cash budget for March. The following information is Clipboard Font B D E 23 24 25 ther budgeted cash disbursements in March Equipment purchases $14.000 26 Dividends to be paid $2.000 27 28 linimum cash balance to be maintained $10,000 29 Carch 1 cash balance $11,500 30 Carch 1 outstanding borrowings SO 31 Carch 1 interest due $O 32 33 be company has a line of credit available to bolster the cash balance as needed. 34 35 Then preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 lick the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 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. 42 39 40 43 45 Budget Data Schedules and Cash Budget READY 100% Attempt(s) Hint Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel TO FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri - 11 AA Paste BTU- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Al fx Expected cash collections: B D E 6 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 S&P Enterprises 15 Cash Budget For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 14 16 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? 5 1 XO FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri 11 -AA Paste BI U- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A Al Expected cash collections: A B D E 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Preliminary cash balance 29 Financing: 30 Additional loan 31 Loan repayments 32 Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 42 Budget Data Schedules and Cash Budget READY E + + 100% Attempt(s) Hint Cash Budget with Supporting Cash Collections and Disbursements Schedules 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 INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri 11 AA Paste BIU- Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font S&P Enterprises needs a cash budget for March. The following information is D E DI 1 A & Enterprises needs a casn budget for Marcn. ine following intommation is available. 2 3 January February March 4 5 ata ctual January and February and expected March sales: ash sales ales on account atal Sales $ 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $26.000 $33.750 $ 45.100 7 9 10 11 ccounts Receivable Collections: Month of sale Month following sale Second month following sale Uncollectible 15% 60% 22% 3% 12 13 14 15 $10.500 $23,500 60% ccounts payable for inventory purchases, March 1 balance 16 udgeted inventory purchases in March 17 iventory payments: 18 Month of purchase 19 Month following purchase 20 21 otal budgeted selling & administrative expenses in March 22 udgeted selling & administrative depreciation in March 40% $12,500 $3,200 23 ? - Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign In Calibri 11 Paste BI AA Alignment Number Conditional Format as Cell Cells Formatting Table Styles Styles S&P Enterprises needs a cash budget for March. The following information is Clipboard Font B D E 23 24 25 ther budgeted cash disbursements in March Equipment purchases $14.000 26 Dividends to be paid $2.000 27 28 linimum cash balance to be maintained $10,000 29 Carch 1 cash balance $11,500 30 Carch 1 outstanding borrowings SO 31 Carch 1 interest due $O 32 33 be company has a line of credit available to bolster the cash balance as needed. 34 35 Then preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 37 lick the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 2. Schedule of expected cash disbursements for inventory purchases for March. 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. 42 39 40 43 45 Budget Data Schedules and Cash Budget READY 100% Attempt(s) Hint