Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below.

DATE			TRANSACTION
Nov.	1		Ryan OMalley invested $57,000 in cash plus tools with a fair market value of $2,200 to start the business.
	2		Purchased equipment for $1,930 and supplies for $430 from Office Depot, Invoice 501; issued Check 100 for $580 as a down payment with the balance due in 30 days.
	10		Performed services for Patricia Reed for $3,100, who paid $1,100 in cash with the balance due in 30 days.
	20		Purchased machinery for $4,200 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,600 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?