Jones Enterprises was started when it acquired $$7,200$ cash from creditors and $$16\mathrm{.}800$ trom owners. The company immedlately purchased land that cost $$18\mathrm{.}000.$

Aequired

a$.$ Record the events under an accounoing equatoon.

b$.$ After all events have been recorded, Jones's obligstions to creditors represent what percentage of total assets?

c$.$ After all events have been recorded, Jones's stockholders' equily represents what percentage of total assects?

d$.$ Assume the debt is due. Gwen that Jones has $$16,800$ in stoclholders equiry, can the compary repay the crednors at this polnt?

Complete this quention by entering your answers in the tabs below.

Rea $B$ to $D$

Record the events under an accounting equation.

Netw: Enter any decraames to acceunt bslances with a minus sign.