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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. a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) b. After all events have been recorded, Jones's obligations to creditors represent what percent of total assets? Percentage of total assets 25% c. After all events have been recorded, Jones's stockholders' equity represents what percent of total assets? Percentage of total assets 75% d. Assume the debt is due. Given that Jones has $16,500 in stockholders' equity, can the company repay the creditors at this point? Yes No