It is a 3 month budget and sales are expected to be $100,000 each month.

Q1: What were the purchases ($) for the 1st month? a $100 b. ($100) c. ($60) d. ($15)

Q2: What was the ending cash for the 1st month? a. $40 b. $5 c. ($14) d. $0.00

Q3. What was the sales for the 2nd month? a. $200 b. $100 c. $60 d. $0

Q4. What were the wages for the 3rd month? a. ($40) b. ($15) c. ($5) d. There were no wages for that month

Q5. What was the ending cash balance in month 3? a. $48 b. $246 c. $59 d. $105