Excel SIM: 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 materias 3. Prepare a cash budget Cash Budget with Supporting Cash Colections and Disturaments Schedules Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW View 730 a HOME x Clibri 11 -A Paste Alignment Number Cells Conditional Format as Cell Formatting Table Styes" Styles Opboard A1 to 5&P Enterprises needs a cash budget for March. The following information is A B 0 1 S & P Enterprises needs a cash budget for March. The following information is available. 3 Data January February March 6 $ 1,600 5 3,750 S 5,100 25,000 30,000 40,000 S_26.600 32.750 _45.100 10 15% 609 22% 39 4 Actual January and February and expected March sales: 5 Cash sales Sales on account 7 Total Sales B 9 Accounts Receivable Collections: Month of sale Month following sale 12 Second month following sale Uncollectible 14 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: 18 Month of purchase 19 Month following purchase 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 Ohh Budget Data Schedules and Cash Budget | $10,500 $23,500 60% 209 $12,500 $3,200 READY 100% Attempts) JB5- FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME 70 Calib 11 A A 9 Paste BIU- Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Opboard Font A1 G S&P Enterprises needs a cash budget for March. The following information a A 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings SO 31 March 1 interest due so 32 3.3 The company has a line of credit available to bolster the cash balance as needed. 34 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 37 click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 39 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 any interest will not be paid until the following month. 42 36 43 24 45 Budget Data Schedules and Cash Budget READY Attemptis) 103 FILE HOME INSERT PAGE LAYOUT FORMU CM A 96 Cell te BU Alignment Number Conditional Formatius Cell Formatting Table Styles Font Clipboard A1 1 Expected cash collections: c D 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 January sales 5 February sales 6 March sales 7 Total cash collections B 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 14 S&P Enterprises 15 Cash Budget 16 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: 23 Payments to suppliers 24 Selline and administrative ernance Budget Data Schedules and Cash Budget . READY Attempt(s) Prev 1 of 1 !!! Next Saved Save atra Credit Help DB5 FRE Cash Oudget with Supporting Cath Collections and Disbursements Schedules - Cecel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME Calon 11 NA Cells Parte BU- Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard A1 Expected cash collections: 0 D A 19 Add cash receipts: 20 Collections from customers 21 Total cash avajable 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 39 39 40 A2 Budget Data Schedules and Cash Budget READY Attemptis)