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Jones Enterprises was started when it acquired $4,800 cash from creditors and S7,200 from owners. The company immediately purchased land that cost $10,000. Required: a.

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Jones Enterprises was started when it acquired $4,800 cash from creditors and S7,200 from owners. The company immediately purchased land that cost $10,000. Required: a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) JONES ENTERPRISES Accounting Equation Stockholders' Cash Land Creditors Equity b. After all events have been recorded, Jones's obligations to creditors represent what percent of total assets? Percentage of total assets c. After all events have been recorded, Jones's stockholders' equity represents what percent of total assets? Percentage of total assets DELL inn AlL A-Wing Computer Lab Aticio AP 5

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