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Jones Enterprises was started when it acquired $8,700 cash from creditors and $20,300 from owners. The company immediately purchased land that cost $27.000. Required a.
Jones Enterprises was started when it acquired $8,700 cash from creditors and $20,300 from owners. The company immediately purchased land that cost $27.000. Required a. Record the events under on sccounting equation. (Enter any decreases to account balances with a minus sign.) JONES ENTERPRISES Accounting Equation Land Creditors Cash Stockholders Equity + = Bal S 0 + S 0 - S 01 + S 0 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 %% d. Assume the debt is due. Given thet Jones hos $20,300 in stockholders' equity, con the company repay the creditors at this point? O Yes O No
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