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. -85" was entered the formula would output the result from cell 85, 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. 815 816" 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 SUMB10,811,812)" 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, HS. Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT DAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME 7 X X Sign In Paste Call BAN %6 BY U. A. Alignment Number Conditional Formatas Cell Formatting Table Styles Font Olobod Cels Editing 5&P Enterprises needs a cash budget for March. The following information is 8 S&P Enterprises needs a cash budget for March. The following information is available D E - January February March 3 Data Actually and February and expected March Sales s Cash sales 5 Sales on account 7 Total Sales 8 Accounts Receivable Collections: 10 Month of sale $ 1,600 $ 3,750 $ 5.100 25 000 30,000 40.000 $26.000 $33.250 SX45.100 1596 ? 5 X 1 1 Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in FILE HOME X ED Calibri A Cells Editing - aste BIU. A % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font 1 2 f S&P Enterprises needs a cash budget for March. The following information is D E B C S&P Enterprises needs a cash budget for March. The following information is available. January February March 5 Data Actual January and February and expected March sales: Cash sales Sales on account Total Sales $ 1,600 $ 25,000 $26,600 $ 3,750 $ 5,100 30,000 40,000 332750 $45.100 1596 60% 2296 396 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 52 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: 18 Month of purchase 19 Month following purchase $10,500 $23,500 60% 40% 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24. Other bedactor rach dichicamente in March Budget Data Schedules and Cash Budget $12,500 $3,200 ** READY Attempt(s) 100% Expected cash collections: March cash collections March collections on account: January sales February sales March sales Total cash collections Payments to suppliers: Accounts payable for inventory purchases, beginning balance March purchases Total cash payments S&P Enterprises Cash Budget For the Month of March Cash balance, March 1 Add cash receipts: Collections from customers Total cash available before current financing - Less disbursements: Payments to suppliers Selling and administrative expenses Budget Data Schedules and Cash Budget 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 35 36 37