"Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below, along with the general ledger accounts used by the company.INSTRUCTIONSRecord the transactions in the general journal and post them to the appropriate ledger accounts. Be sure to number the journal page 1 and to write the year at the top of the Date column.

Cash101

Accounts Receivable111

Office Supplies121

Tools131

Machinery141

Equipment151

Accounts Payable202

Ryan OMalley, Capita301

Fees Income401"

"Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $5,000 to start the business. 2Purchased equipment for $3,500 and supplies for $700 from Office Depot, Invoice 501; issued Check 100 for $700 as a down payment with the balance due in 30 days.10Performed services for Patricia Reed for $3,200, who paid $1,000 in cash with the balance due in 30 days.20Purchased machinery for $4,000 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,500 in cash as a down payment with the balance due in 30 DAYS

"Analyze:What liabilities does the business owe as of November 30?"