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Problem 21-23A Requirements

1. Prepare the budgeted balance sheet for The Box Printing at April 30, 2011. Show separate computations for cash, inventory, and stockholders' equity balances. 2. Prepare the budgeted statement of cash flows for April. 3. Suppose the Box Printing has become aware of more efficient (and more expensive) equipmen it budgeted for purchase in April. What is the total amount of cash available for equipment pu in April, before financing, if the minimum desired ending cash balance is \$21,000? (For this requirement, disregard the \$16,900 initially budgeted for equipment purchases.)

Requirement 1 Show separate computations for cash, inventory, and stockholders' equity balances. sold for May and June using the inventory, purchases, and cost of goods sold budget fo Use formulas in Excel - enter cash payments as negative numbers. Cash, at April 30, 2011 Beginning balance Cash inflows: Cash sales Collections Cash outflows: Payment of March liabilities Cash purchases Payment for April (credit) purchases Purchase of equipment Operating expenses paid Ending balance
\$50,200

(13,200) \$37,000

Inventory, at April 30, 2011 Beginning balance Add: Purchases Less: Cost of goods sold Ending balance
\$11,800

11,800

Stockholders' Equity at April 30, 2011 Beginning balance Add: Revenues Less: Expenses Ending balance

84,000 84,000

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Problem 21-23A Prepare the budgeted balance sheet for Box Printing at April 30, 2011. Fill in the blank as needed. Use good format (\$\$, underline, double-underline).

Box Printing
Budgeted Balance Sheet April 30, 2011 Assets Current assets: Cash
\$37,000.00 11,800

Total curent assets Plant assets: Accumulated depreciaiton Total assets Liabilities Current liabilities:

\$48,800.00

Total liabilities Stockholders' Equity
84,000

Total liabilities and stockholders' equity

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Problem 21-23A Requirement 2

Box Printing
Budgeted Statement of Cash Flows For the Month Ended April 30, 2011 Cash flows from operating activities: Receipts: Collection from customers Total cash receipts Payments Purchases Operating expenses Total cash payaments Net cash inflow from operating activities Cash flows from investing activities:

Cash flows from financing activities Net increase in cash Cash balance, April 1, 2011 Cash balance, April 30, 2011 Requirement 3

Include explanation here. Make sure to indicate the amount of cash available (you can initially budgeted for equipment purchase).

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ox Printing at April 30, 2011. Show separate

more efficient (and more expensive) equipment than otal amount of cash available for equipment purchases ed ending cash balance is \$21,000? (For this

ntory, and stockholders' equity balances. purchases, and cost of goods sold budget form.

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x Printing at April 30, 2011. Fill in the blanks

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Lots of referenced cells

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x Printing

tement of Cash Flows Ended April 30, 2011

50,200

icate the amount of cash available (you can disregard the \$16,900

AC

shower and lunch between time