In this section, marks are indicated for each question. There are $30$ marks in total.

Inflatable Fun For All $($IFFA$)$ is your own business. You own two inflatable bouncy castles. Kids love them!

You keep them in a rented garage and drive your own truck to parks and neighbourhood special events. You use your own cell phone to take reservations for private parties and events..

Your first summer month's transactions are listed below.

$\backslash$table$[[$May $1,\backslash$table$[[$You set up a bank account and acquire a business credit card.$],[$The bank will charge you a fee of $$12$ at the end of each month.$]]],[$May $2,$You borrow $$4,000$ from the bank.$],[$May $3,\backslash$table$[[$You deposit $$3,000$ of your own money into the business bank$],[$account$.]]],[$May $4,\backslash$table$[[$You rent a garage for the n$$xt six months for $$400$ per month,$],[$paying the full amount now.$]]],[$May $5,\backslash$table$[[$You register your business name for $$60$ with Service Ontario,$],[$using the business credit card.$]]],[$May $6,\backslash$table$[[$You purchase, using your business credit card, supplies for$],[$$$500$ plus HST$.]]],[$May $7,\backslash$table$[[$You purchase, using your business credit card, two portable generators$],[$for $$1,500$ each from Softie Supply. HST is included.$]]]]$