Nov. 1 ryan o’malley invested $51,000 in cash plus tools with a fair market value of $1,600 to start the business. 2 purchased equipment for $2,010 and supplies for $510 from office depot, invoice 501; issued check 100 for $660 as a down payment with the balance due in 30 days. 10 performed services for patricia reed for $2,500, who paid $800 in cash with the balance due in 30 days. 20 purchased machinery for $3,600 from craft machinery, inc., invoice 709; issued check 101 for $1,300 in cash as a down payment with the balance due in 30 days.