Use the Budget Data tab to complete the Schedules and Cash Budget tab.

Formulas must be entered so that all cash flow amounts are positive numbers.

ANSWER AS FORMULAS

FILE Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME 2 Sign In Calibri - A A % Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles 8.33 points Clipboard Font A1 5&P Enterprises needs a cash budget for March. The following information is B C D E eBook SP Enterprises neeas a casn ouager Tor Marcn. ine Tollowing intornjanon is available. 3 January February Morch Print 4 5 ata ctual January and February and expected March sales: ash sales ales on account tal Sales 6 $ 1,600 $ 3,750 $ 5,100 25,000 30,000 40,000 $26.600 S 38.750 S 45.100 References 7 159 6096 2296 39 $10,500 $23,500 9 ccounts Receivable Collections: 10 Month of sale 11 Month following sale 12 Second month following sale 13 Uncollectible 14 15 ccounts payable for inventory purchases, March 1 balance 16 udgeted inventory purchases in March 17 Nentory payments: 18 Month of purchase 19 Month following purchase 20 21 tal budgeted selling & administrative expenses in March 22 udgeted selling & administrative depreciation in March 23 24 the bude k dit is Misce Budget Data Schedules and Cash Budget 4096 $12,500 $3,200 (+4 B! ? Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT 2 Sign In Calibri 11 Paste BIU- 8.33 points AA Alignment Number Conditional Format as Cell Cells Formatting Table Styles Styles S&P Enterprises needs a cash budget for March. The following information is Clipboard Font A1 B C D E eBook , Print A 22 Budgeted selling & administrative depreciation in March $3,200 23 24 Other budgeted cash disbursements in March 25 Equipment purchases $14,000 26 Dividends to be paid $2,000 27 28 Minimum cash balance to be maintained $10,000 29 March 1 cash balance $11,500 30 March 1 outstanding borrowings $0 31 March 1 interest due SO 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. References 36 38 39 37 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. 40 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. 41 42 43 45 Budget Data Schedules and Cash Budget FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 2 11 AA Paste U Cells Alignment Number Conditional Format as Formatting Table Styles Styles Clipboard Font 8.33 points Expected cash collections: B C D E Skipped eBook Print References 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4. January sales 5 February sales 6 March sales 7 Total cash collections 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 14 S&P Enterprises 15 Cash Budget 16 For the Month of March 17 18 Cash balance, March 1 19 Add cash receipts: 20 collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selline and administrative expenses Budget Data Schedules and Cash Budget READY + 100% Attempt(s) Mint FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 2 Calibri 11 AA Paste BTU- Cells Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Clipboard Font 8.33 points A1 Expected cash collections: B C D E Skipped eBook Print References 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements 28 cash balance before financing 29 Financing 30 Borrowings/Repayments 31 Cash balance, March 31 32 33 34 35 36 37 38 39 40 41 42 Budget Data Schedules and Cash Budget READY 100% Attempt(s) Hint