Has to be done on Excel

5. Compute the June 30, 2019 ending cash balance for WDE Equipment Company, based on the following information. Show all computations in an Excel spreadsheet and submit this spreadsheet on Canvas along with this document. Beginning cash balance, January 1, 2019 = $20,000 Sales January February March April May June $6,000 $3,500 $4,000 $2,000 $1,500 $2,000 50 percent of the sales are in cash. The other 50 percent are accounts receivable collected in the next month. Rent = Utilities = Wages = $1,000 per month $ 500 per month $2,000 per month A tax prepayment of $2,000 will be paid in March. The business will buy $5,000 in equipment with cash in April. Interest income of $3,500 will be received in May. The owner plans to invest another $5,000 in cash in June. 5. Compute the June 30, 2019 ending cash balance for WDE Equipment Company, based on the following information. Show all computations in an Excel spreadsheet and submit this spreadsheet on Canvas along with this document. Beginning cash balance, January 1, 2019 = $20,000 Sales January February March April May June $6,000 $3,500 $4,000 $2,000 $1,500 $2,000 50 percent of the sales are in cash. The other 50 percent are accounts receivable collected in the next month. Rent = Utilities = Wages = $1,000 per month $ 500 per month $2,000 per month A tax prepayment of $2,000 will be paid in March. The business will buy $5,000 in equipment with cash in April. Interest income of $3,500 will be received in May. The owner plans to invest another $5,000 in cash in June