just need help with the cash budget

Saved B FILET X HOME Calibr B I Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 11 A A U A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Font Styles X S&P Enterprises needs a cash budget for March. The following information is Clipboard 1 S&P Enterprises needs a cash budget for March. The following information is available. January February March 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales $ 1,600 $ 25,000 s 26,600 S 3,750 $ 5,100 30,000 40,000 33.750 S 45.100 9 Accounts Receivable Collections: 10 Month of sale Month following sale Second month following sale 13 Uncollectible 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: Month of purchase Month following purchase 60 19 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12.500 $3.200 24 Other hanterach Aichmann Budget Data Schedules and Cash Budget READY + 100% Attempt(s) ? - B FILE . . HOME Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW X6 ED Calibri - 11-AA "aste B T U B- A. Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles S&P Enterprises needs a cash budget for March. The following information is A Month of purchase 60% Month following purchase 40% D 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 Dividends to be paid $14,000 $2.000 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $10,000 $11,500 33 The company has a line of credit available to bolster the cash balance as needed. 3 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 403. 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. Budget Data Schedules and Cash Budget ... READY Attempte) Hint Calibri Paste B I U- - -AAlignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Font Clipboard C30 12 Total cash payments $ 24,600 S&P Enterprises Cash Budget For the Month of March $ 11,500 34,600 46,100 $ 24,600 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available before current financing 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 Excess (deficiency) of cash available over disbursements 29 Financing: 30 Borrowings 31 Repayments 32 Interest 33 Total financing 34 Cash balance, March 31 ... Budget Data Schedules and Cash Budget ... READY Attempt(s) + 100% 10/10 Hint