According to Michael Cohen, one of his frequent jobs was renegotiating bills on Trump's behalf.

"A law firm would send an invoice. He didn't believe that the invoice was fair, reasonable or justified, so he would give me the task of renegotiating a specific bill," Cohen said.

Cohen recounted his work repaying approximately 50 vendors related to Trump University at a discounted rate. All but two of the fifty vendors agreed to the discounted rate.

"They just went away," Cohen said of the two vendors.

"Did you pay then?" prosecutor Susan Hoffinger asked.

"No, ma'am," Cohen responded.

Cohen said Trump told him the outcome of the negotiation was "fantastic" and "great."

"How did that make you feel?" Hoffinger asked.

"Like I was on top of the world," Cohen responded.

Cohen told jurors that he began working for Trump after helping Trump with a series of legal favors.

"We ended up overtaking the board and resolving the issue which was to Mr. Trump's satisfaction," Cohen said about the first favor related to a board at a Trump property. "He liked the way that occurred and then continued to ask me if I would assist in other legal issues or matters he had."

"Did he pay you for that work?" prosecutor Susan Hoffinger said.

"No, ma'am," Cohen said

According to Cohen, Trump offered him a job after he presented Trump a $100,000 bill for legal costs related to the earlier favors.

"Would you want to come work for me?" Cohen recounted Trump saying. "I was honored, I was taken by surprise, and I agreed"

When asked about the $100,000 legal bill, Cohen said Trump "asked if I would like to get fired on the first day." The bill was never paid, according to Cohen, who immediately left his law firm to work for the Trump Organization as Trump's special counsel and a senior vice president.

When asked about the kind of work Cohen did for Trump, Cohen responded, "It was whatever concerned him -- whatever he wanted."

Cohen said he reported "just to Mr. Trump."

Michael Cohen briefly introduced himself to the jury, telling them how his father immigrated to California after surviving the Holocaust.

"Four children later, here I am," Cohen said about his parents.

Cohen told the jury that he went to law school at the urging of his family, though he did not want to practice law.

"I wanted to go to Wall Street," Cohen said.

He briefly explained how he acquired wealth with real estate investments and taxi medallions.

"I ended up going into business with a friend of mine who had grown up with me and we started purchasing buildings," Cohen said.

Cohen stood up in the witness box so he could identify Trump in the courtroom.

"He is wearing a blue and white tie," Cohen said while looking toward Trump.

"The people call Michael Cohen," prosecutor Susan Hoffinger said.

Michael Cohen entered the courtroom and took his seat in the witness box.

Donald Trump stared straight forward as Cohen walked into the courtroom. He did not appear to look toward Cohen.

Several members of the public waited overnight to secure a spot in the courtroom for Michael Cohen's testimony, traveling from as far as Los Angeles for the momentous day in court.

Michael Powers told ABC News that he joined the line at 2:30 p.m. yesterday to secure his spot in court, though he enlisted the help of professional line sitters to hold the spot overnight. He rejoined the line at 5:00 a.m.

"It's history in the making," Powers said. "This isn't gonna happen very often."

Powers said he prioritized seeing Michael Cohen's testimony due to its importance to the prosecution's case.

"I find him credible" Powers said. "He's lied in the past, but he lied for Donald Trump in my opinion, so I think he'll be a good witness."

Other members of the public waited overnight without the use of line sitters, including Chris Sagastizabal, who joined the line at 6:45 p.m. on Sunday with two friends.

"I changed my work schedule," Sagastizabal said.

Five members in the public have been seated in the courtroom this morning, with several others seated in a nearby overflow room.