please add formulas, thanks!

28 Skipped eBook X-d FILE Paste 1. Prepare a sales budget, including a schedule of expected cash collections. 2. Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. 3. Prepare a cash budget. A38 L DE HOME Clipboard G Calibri Cash Budget with Supporting Cash Collections and Disbursements Schedules - Excel ? PAGE LAYOUT FORMULAS REVIEW VIEW INSERT BIU Font I X 11 - E A A DATA % Alignment Number Conditional Format as Cell Formatting Table Styles Styles fxx 1. Schedule of expected cash collections for March. G A 1 S & P Enterprises needs a cash budget for March. The following information is available. 2 January February 3 Data 4 Actual January and February and expected March sales: 5 Cash sales 6 Sales on account 7 Total Sales 8 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale B $ C 15% 60% Cells Editing D 1,600 $ 25,000 3,750 $ 5,100 30,000 40,000 $ 26,600 $ 33.750 $45.100 March - E Sign In X 28 Skipped eBook 7 Total Sales 8 9 Accounts Receivable Collections: 10 Month of sale 11 Month following sale 12 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 20 21 Total budgeted selling & administrative expenses in March 22 Budgeted selling & administrative depreciation in March 23 Month following purchase 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 1 cash balance 30 March 1 outstanding borrowings Budget Data READY Attempt(s) Schedules and Cash Budget $26.600 $ 33.750 $45.100 15% 60% 22% 3% $10,500 $23,500 60% 40% $12,500 $3,200 $14,000 $2,000 $10,000 $11,500 $0 B M Hint + 100% Show Me 28 Skipped eBook Paste Clipboard G E15 P BIU. B I U 39 22 Budgeted selling & administrative depreciation in March 23 Font 24 Other budgeted cash disbursements in March 25 0 = 2 3 4 45 26 27 28 Minimum cash balance to be maintained 29 March 1 cash balance 30 March 1 outstanding borrowings 31 March 1 interest due 32 42 A 43 fxx Equipment purchases Dividends to be paid 44 Alignment Number Conditional Format as Cell Formatting Table Styles Styles 37 Click the Schedules and Cash Budget tab to prepare the following: 38 1. Schedule of expected cash collections for March. 33 The company has a line of credit available to bolster the cash balance as needed. 34 B $3,200 $14,000 $2,000 $10,000 $11,500 $0 $0 35 When preparing budgets, the company maintains their data on a separate sheet from the actual budget and schedules. 36 Cells Editing 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 41 any interest will not be paid until the following month. D E 28 Skipped eBook A1 2 3 4 5 6 Expected cash collections: March cash collections March collections on account: January sales February sales March sales Total cash collections 12 Total cash payments 13 14 15 16 17 18 Cash balance, March 1 19 Add cash receipts: 20 Collections from customers 21 Total cash available 22 Less disbursements: 23 24 fxx 8 9 Payments to suppliers: 10 Accounts payable for inventory purchases, beginning balance 11 March purchases 4 A Expected cash collections: S & P Enterprises Cash Budget For the Month of March Payments to suppliers Selling and administrative expenses Budget Data Schedules and Cash Budget B D E 28 Skipped eBook A1 28 Preliminary cash balance 29 Financing: 30 31 32 33 Total financing 34 Cash balance, March 31 35 36 13 14 15 16 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 Selling and administrative expenses 25 Equipment purchases 26 Dividends paid 27 Total disbursements Additional loan Loan repayments Interest DEADY fx Expected cash collections: Budget Data A S & P Enterprises Cash Budget For the Month of March Schedules and Cash Budget B ||| D E 4000