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Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below. DATE TRANSACTION Nov. 1 Ryan O'Malley invested $47,000 in
Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below. DATE TRANSACTION Nov. 1 Ryan O'Malley invested $47,000 in cash plus tools with a fair market value of $1,200 to start the business. 2 Purchased equipment for $1,970 and supplies for $470 from office Depot, Invoice 501; issued Check 100 for $620 as a down payment with the balance due in 30 days. 10 Performed services for Patricia Reed for $2,100, who paid $600 in cash with the balance due in 30 days. 20 Purchased machinery for $3,200 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,100 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 ? Complete this question by entering your answers in the tabs below. Record the above transactions in the general ledger accounts. Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below. DATE TRANSACTION a down payment with the balance due in 30 days. 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 ? Complete this question by entering your answers in the tabs below. What liabilities does the business owe as of November 30
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