chapter $10,$ Please Include Workers Notes.

S&P Enterprises needs a cash budget for March. The following information is available.

$\backslash$table$[[$Data$,$January,Februory,Morch$],[$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]]$

The company has a line of credit available to bolster the cash balance as needed.

When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules.

Required:

Click the Schedules and Cash Budget tab to prepare the following:

Schedule of expected cash collections for March.

Schedule of expected cash disbursements for inventory purchases for March.

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. For example, to find January sales type $=,$ click on Data and cell B$7*$B$13$ and then press enter.

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 $31$

$($Hint: Remember all formulas must start with an $=)$