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1. 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. FILE Paste Clipboard Al HOME INSERT Calibr BIU- Cash Budget with Supporting Cash Collections and Disbursements Schedules-Excel ? PAGE LAYOUT FORMULAS DATA REVIEW VIEW 6 Sales on account 7 Total Sales 8 -11 Font 9 Accounts Receivable Collections: 10 11 12 13 A A ! S&P Enterprises needs a cash budget for March. The following information is available. 3 Data 4 Actual January and February and expected March sales: 5 Cash sales Month of sale Month following sale Second month following sale Uncollectible Alignment Number Conditional Format as Cell Formatting Table Styles Styles f. S&P Enterprises needs a cash budget for March. The following information is 14 15 Accounts payable for inventory purchases, March I balance 16 Budgeted inventory purchases in March 15% 60% 22% 3% Cells Editing $10,500 $23,500 February $ 1,600 S 3,750 $ 5,100 25,000 30,000 40,000 $26.600 $33.750 $45.100 D March Sign In Minimize E 15 Accounts payable for inventory purchases, March 1 balance 16 Budgeted inventory purchases in March 17 Inventory payments: 18 Month of purchase 19 20 Month following purchase 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 Equipment purchases Dividends to be paid 26 27 28 Minimum cash balance to be maintained 29 March I cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. Budget Data B $10,500 $23,500 READY Attempt(s) 60% 40% Schedules and Cash Budget $12,500 $3,200 $14,000 $2,000 33 The company has a line of credit available to bolster the cash balance as needed. 34 $10,000 $11,500 $0 $0 C 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 D BO V 100% Hint 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 24 Other budgeted cash disbursements in March 25 Equipment purchases 26 Dividends to be paid 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 39 33 The company has a line of credit available to bolster the cash balance as needed. 34 $59939 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 40 41 42 43 44 45 READY Attempt(s) $12.500 $3,200 Budget Data $14,000 $2,000 Schedules and Cash Budget $10,000 $11,500 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. 4** $0 $0 # " 100% Hint Formula Bar Normal Page Break Page Custom Gridlines Headings Preview Layout Views Workbook Views Al 1 Expected cash collections: 2 March cash collections 3 March collections on account: 4 5 6 7 Total cash collections January sales February sales March sales 14 15 Ruler 16 17 18 Cash balance, March 1 Show A f Expected cash collections: 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 12 Total cash payments 13 S&P Enterprises Cash Budget For the Month of March Zoom 100% Zoom to Window Macros Selection Zoom REVIEW VIEW B C Macros D E Sign In . Al 13 14 15 16 17 18 Cash balance, March 11 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 Payments to suppliers 24 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 & Expected cash collections: S&P Enterprises Cash Budget For the Month of March Selling and administrative expenses B C D B +