b. After all events have been recorded, Joness obligations to creditors represent what percent of total assets?

c. After all events have been recorded, Joness stockholders equity represents what percent of total assets?

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

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 a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) JONES ENTERPRISES Accounting Equation Land Creditors Cash Stockholders' Equity + + + Bal. + +