On December 1, Amold began his moving company, Mega Movers, with one employee. He started off with $10,000 cash, which he had been saving for three years. On December 4, he bought a small truck for $3,500 on credit On December 7, he paid his $100 parking space rental fee and his $82 utilities expense with cash. He needed some supplies on December 8, so he bought $500 worth of moving supplies with cash. Along with providing services, he also sells boxes and packing peanuts/bubble wrap to customers who may need these items at the last minute. On December 8, he also bought $300 worth of boxes and bubble wrap with cash to sell to customers. On December 14, he received his first customer. The customer paid Mega Movers $250 in advance to help him move a motorcycle on December 22. On December 15, Mega Movers helped a customer move furniture and received the payment of $100 immediately after the job was completed.
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On December 1, Amold began his moving company, Mega Movers, with one employee. He started off with $...
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