Jones Enterprises was started when it acquired $$9,200$ cash from creditors and $$13,800$ from owners. The company immediately purchased land that cost $$16,000.$

Required

Record the events under an accounting equation.

After all events have been recorded, Jones$$s obligations to creditors represent what percentage of total assets?

After all events have been recorded, Jones$$s stockholders$$ equity represents what percentage of total assets?

Assume the debt is due. Given that Jones has $$13,800$ in stockholders$$ equity, can the company repay the creditors at this point?

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

Req B to D

Record the events under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Complete this question by entering your answers in the tabs below.

Req B to D

Record the events under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Jones Enterprises was started when it acquired $\backslash (\backslash$$ $9,200\backslash )$ cash from creditors and $\backslash (\backslash$$ $13,800\backslash )$ from owners. The company immediately purchased land that cost $\backslash (\backslash$$ $16,000\backslash ).$

Required

a$.$ 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 $\backslash (\backslash$$ $13,800\backslash )$ in stockholders' equity, can the company repay the creditors at this point?

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

Req B to D

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 $\backslash (\backslash$$ $13,800\backslash )$ in stockholders' equity, can the company repay the creditors at this point?