Exercise 1-9A Record events and interpret information in an accounting equation LO 1-4, 1-5 Jones Enterprises was started when it acquired $6,300 cash from creditors and $14,700 from owners. The company immediately purchased land that cost $15,000. 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. b. After all events have been recorded, Jones's obligations to creditors represent what percent of total assets? Percentage of total assets