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S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget

and the related Schedules for Expected cash collections and Payments to suppliers.

Accounts Receivable collections:

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:

a$.$ Schedule of expected cash collections for March.

b$.$ Schedule of expected cash disbursements for inventory purchases for March.

c$.$ 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.