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 Callections and Disbursements Schedules- Excel 7 X FILE PAGE LAYOUT Sign In OME INSERT FORMULAS DATA REVIEW VIEW Calbri A A % Conditional Format as Farmatting Table Styles Alignment Number Cell Paste Cell Editing BIU Font Cipboard Styles ES E 1 S& P Enterprises needs a cash budget for March. The following information is available. 2 3 Data 4 Actual January and February and expected March sales: 5 Cash sales February March January $ 3,750$5,100 1,600 $ 6 Sales on account 25,000 30,000 40,000 S 26.600 33.750 45,100 7 Total Sales 9 Accounts Receivable Collections: Month of sale 10 15% Month following sale Second month following sale 11 60% 12 2296 3 % 13 Uncollectible 14 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments Month of purchase Month following purchase $10,500 $23,500 60 % 18 19 40% 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March $12,500 $3,200 23 24 Othor budaotndeh dirhrnonte in Mareh Budget Data Schedules and Cash Budget (+ 23 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 $14,000 $2,000 Dividends to be paid 27 28 Minimum cash balance to be maintained $10,000 $11,500 $0 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due $0 32 33 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. 36 37 Click the Schedules and Cash Budget tab to prepare the following 1. Schedule of expected cash collections for March 38 39 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 43 40 44 45 Schedules and Cash Budget Budget Data