DATE	TRANSACTION
November 1	Beatrice Wilson invested $100,000 in cash plus tools with a fair market value of $12,000 to start the business.
November 2	Purchased equipment for $15,600 and supplies for $1,800 from Automotive Supply and Equipment Company, Invoice 515; issued Check 100 for $7,400 as a down payment with the balance due in 30 days.
November 10	Performed services for Zappo Airlines for $36,800, which paid $15,800 in cash with the balance due in 30 days.
November 20	Purchased machinery for $16,000 from Carter Equipment Company, Invoice 799; issued Check 101 for $6,500 in cash as a down payment with the balance due in 30 days.

Record the transactions in the general journal and post them to the appropriate ledger accounts.

Analyze:

What liabilities does the business owe as of November 30?