Question: Jones enterprises was started when it acquired $6,300 cash from creditors and $14,700 from owners. The company immediately purchased land that cost $15,000 Required a.

Jones enterprises was started when it acquired $6,300 cash from creditors and $14,700 from owners. The company immediately purchased land that cost $15,000

Required a. Record the events under an accounting equation b. After all events have been recorded. Jones's obligations to creditors represent what percent 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 $14.700 in stockholders' equity, can the company repay the creditors at this point? Complete this question by entering your answers in the tabs below. Red A Reg B to D Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) JONES ENTERPRISES Accounting Equation Stockholders Cash Land Creditors Equity + + + + + $ 0. 5 0 $ 0 $ 0

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