S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments to suppliers. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

• Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell on the Budget Data tab, "=B5" was entered, the formula would output the result from cell B5, or 1,600 in this example.
• Multi-Tab Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Schedules and Cash Budget tab "='Budget Data'!C7" was entered, the formula would output the result from cell C7 in the Budget Data tab, or 33,750 in this example.
• Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell on the Budget Data tab, "=B15+B16" was entered, the formula would add the values from those cells and output the result, or 34,000 in this example. If using the other math symbols the result would output an appropriate answer for its function.
• SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "=SUM(B10,B11,B12)" was entered, the formula would output the result of adding those three separate cells, or 97% in this example. Similarly, if in a blank cell "=SUM(B10:B12)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 97% in this example.

Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel - X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 " A" A" % Paste BIU - B- - A- Alignment Number Conditional Format as Cell Cells Editing Formatting * Table Styles Clipboard Font Styles C10 X v fx B C D E 2 Data January February March Actual January and February and expected March sales: un Cash sales S 1,600 $ 3,750 $ 5,100 Sales on account 25,000 30,000 40,000 7 Total Sales S 26,600 S 33,750 5 45,100 Co Accounts Receivable Collections: 10 Month of sale 15% 11 Month following sale 60% 12 Second month following sale 22% 13 Uncollectible 3% 14 15 Accounts payable for inventory purchases, March 1 balance $10,500 16 Budgeted inventory purchases in March $23,500 17 Inventory payments: 18 Month of purchase 60% 19 Month following purchase 40% 20 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 nurchacos $1/ 000 Budget Data Schedules and Cash Budget READY 100% Attempt(s) Hint Show MeCash Budget with Supporting Cash Collections and Disbursements Schedules - Excel - 5 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 " A" A" % Paste BIU - BB - - A . Alignment Number Conditional Format as Cell Cells Editing Formatting * Table * Styles Clipboard Font G Styles E16 v X V fx A B C D E 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 Repayments Interest 33 Total financing 34 Cash balance, March 31 35 36 37 38 39 40 41 42 43 44 Budget Data Schedules and Cash Budget READY - - + 100% Attempt(s) Hint Show Me