Jones Enterprises was started when it acquired $$5,700$ cash from creditors and $$13,300$ from owners. The company immediately purchased land that cost $$18,000.$

Required

a$.$ Record the events under an accounting equation.

b$.$ After all events have been recorded, Jones's obligations to creditors represent what percentage 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's has $$13,300$ in stockholders' equity, can the company repay the creditors at this point?

Complete this question by entering your answers in the tabs below.

Record the events under an accounting equation.

Note: Enter any decreases to account balances with a minus sign.

$\backslash$table$[[$JONES ENTERPRISES,$],[$Accounting Equation$],[,$Assets,,Liabilities,$\backslash$table$[[,\backslash$table$[[$Stockholders$\text{'}],[$Equity$]],,,,,,],[,$Cash,$+,$Land,,$\backslash$table$[[$Notes$],[$Payable$]],+,\backslash$table$[[$Common$],[$Stock$]]],[,,+,,,,+,],[,,+,,,,+,],[$Balance$,0,+,,,,+,0]],]]$