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November 1 Ryan O'Malley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business. November 2 Purchased equipment for $1,900 and supplies for $400 from Automotive Maintenance and Repair Shop, Invoice 501; issued Check 100 for $550 as a down payment with the balance due in 30 days. November 10 Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days. November 20 Purchased machinery for $4,500 from Carter Equipment Company, Invoice 709; issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days. What liabilities does the business owe as of November 30?

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