Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below. DATE TRANSACTION Nov. 1 Ryan OMalley invested $65,000 in cash plus tools with a fair market value of $3,000 to start the business. 2 Purchased equipment for $1,850 and supplies for $350 from Office Depot, Invoice 501; issued Check 100 for $500 as a down payment with the balance due in 30 days. 10 Performed services for Patricia Reed for $3,900, who paid $1,500 in cash with the balance due in 30 days. 20 Purchased machinery for $5,000 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $2,000 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?