Question: Jones Enterprises was started when it acquired $ 5 , 5 0 0 cash from creditors and $ 1 6 , 5 0 0 from

Jones Enterprises was started when it acquired $5,500 cash from creditors and $16,500 from owners. The company immediately purchased land that cost $18,000.Requireda. Record the events under an accounting equation.b. After all events have been recorded, Jones's obligations to creditors represent what percentage of total assets?c. After all events have been recorded, Jones's stockholders' equity represents what percentage of total assets?d. Assume the debt is due. Given that Jones has $16,500 in stockholders' equity, can the company repay the creditors at this point?

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