Jones Enterprises was started when it acquired $7,200 cash from creditors and $8,800 from owners. The company immediately purchased land that cost $11,000.

Required

Record the events under an accounting equation.

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

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

Assume the debt is due. Given that Jones has $8,800 in stockholders equity, can the company repay the creditors at this point?

Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.

Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.)

	JONES ENTERPRISES
	Accounting Equation
	Cash	+	Land	=	Creditors	+	Stockholders Equity
		+		=		+
		+		=		+
Bal.	$0	+	$0	=	$0	+	$

After all events have been recorded, Joness obligations to creditors represent what percent of total assets? After all events have been recorded, Joness stockholders equity represents what percentage of total assets? Assume the debt is due. Given that Jones has $8,800 in stockholders equity, can the company repay the creditors at this point?

b.	Percentage of total assets		%
c.	Percentage of total assets		%
d.	Can the company repay the creditors at this point?

Pllease typewrite your answers , no handwritten responses please. Thank you.