Exercise 1-9 Interpreting the accounting equation LO 1-5 Jones Enterprises was started when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. 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 $10,000 in stockholders' equity, can the company repay the creditors at this point? Complete this question by entering your answers in the tabs below. Req A Req B to D After all events have been recorded, Jones's obligations to creditors represent what percent 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 $10,000 in stockholders' equity, can the company repay the creditors at this point? (Round your answers to 1 decimal place.) Show less A b. Percentage of total assets c. Percentage of total assets d. Can the company repay the creditors at this point?