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1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers. B 70 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel REVIEW VIEW FILE HOME INSERT PAGE LAYOUT FORMULAS DATA Sign in Calibel AA BTU Colls Alignment Number Conditional Formatas Cell Formatting" Table Styles Styles Clipboard Pont A1 S&P Enterprises needs a cash budget for March. The following information is B D S&P Enterprises needs a cash budget for March. The following information is available. 2 3 Data January February March S 1,600 S 3,750 55,100 25,000 30,000 40.000 $25.500 2.750 545.100 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales 8 9 Accounts Receivable Collections: 10 Month of sale Month following sale 12 Second month following sale 13 Uncollectible 14 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted Inventory purchases in March 17 Inventory payments Month of purchase 19 Month following purchase 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 1596 609 2296 396 $10,500 $23,500 50% 4095 512,500 $3,200 Budget Data Minh Schedules and Cash Budget Prey 14 or 14 1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers. - 5 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign in Calibri 11 BTU- Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 S&P Enterprises needs a cash budget for March. The following information is B D E 21 Total budgeted selling & administrative expenses in March $12,500 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 511,500 30 March 1 outstanding borrowings $0 31 March 1 interest due $0 32 33 The company has a line of credit available to bolster the cash balance as needed. 34 25 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules, 26 17 click 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 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 38 39 40 43 45 Budget Data Schedules and Cash Budget 1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers. 7 5 Cash Budget with Supporting Cash Collections and Disbursements Schedules Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Sign in Calib Paste BIU-- Cells A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B7 c D E 2 3 4 5 specteu un come truTES. larch cash collections tarch collections on account: January sales February sales March sales stal cash collections 8 10 12 12 ayments to suppliers: ccounts payable for inventory purchases, beginning balance larch purchases tal cash payments 13 14 S&P Enterprises 15 Cash Budget 16 For the Month of March 17 18 ash balance, March 1 19 dd cash receipts Collections from customers atal cash available 22 Es disbursements: 23 Payments to suppliers 24 Selling and administrative erences Budget Data Schedules and Cash Budget 1. Use the Budget Data tab to complete the Schedules and Cash Budget tab. Formulas must be entered so that all cash flow amounts are positive numbers. Cash Budget with Supporting Cash Collections and Disbursements Schedules Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME Calibri An BLU- Alignment Number Cells Conditional Format as Cell Formatting Table Styles Stylos Clipan Font B7 B C D 13 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 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 25 Cash balance before financing 29 Financing 20 Borrowings/Repayments 21 cash balance, March 31 22
