Company "B" operates a retail business. Purchases are sold at cost plus 25%. The management team are preparing the cash budget and have gathered the following data:

i) The budget sales are as follows:

Month

January 90

February 100

March 80

April 120

ii) It is management policy to hold inventory at the end each month which is enough to meet the sales demand for the next half month. Sales are budgeted to occur evenly during each month.

iii) Creditors are paid one month after the purchase has been made

Calculate the entries for purchases that will be shown for February, March and April.