S&P Enterprises needs a cash budget for March. The following information is available.
Data	January	February	March
Actual January and February and expected March sales:
Cash sales	$1,600	$3,750	$5,100
Sales on account	25,000	30,000	40,000
Total Sales	$26,600	$33,750	$45,100
Accounts Receivable Collections:
Month of sale	15%
Month following sale	60%
Second month following sale	22%
Uncollectible	3%
Accounts payable for inventory purchases, March 1 balance	$10,500
Budgeted inventory purchases in March	$23,500
Inventory payments:
Month of purchase	60%
Month following purchase	40%
Total budgeted selling & administrative expenses in March (including depreciation)	$12,500
Budgeted depreciation in March (included in total selling and admin exp)	$3,200
Other budgeted cash disbursements in March
Equipment purchases	$14,000
Dividends to be paid	$2,000
Minimum cash balance to be maintained	$10,000
March 1 cash balance	$11,500
March 1 outstanding borrowings	$0
March 1 interest due	$0
Required:
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.

Expected cash collections:
March cash collections
March collections on account:
January sales
February sales	18,000
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
Less disbursements:
Payments to suppliers
Selling and administrative expenses
Equipment purchases
Dividends paid
Total disbursements
Preliminary cash balance
Financing:
Additional loan
Loan repayments
Interest
Total financing
Cash balance, March 31