Why is this incorrect?

Jones Enterprises was started on January 1, Year 1, when it acquired $6,000 cash from creditors and $10,000 from owners. The company immediately purchased land that cost $12,000. The land purchase was the only transaction occurring during Year 1. Required a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) Answer is not complete. JONES ENTERPRISES Equation Accounting Equation Land Creditors Stockholders' Equity $ 6,000 10,000 12,000 Cash $ 16,000 (12,000) + + + Bal. $ 4,000 + $ 12,000 $ 6,000 + $ 10,000