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work Week 1 Saved Help Save & Exit Jones Enterprises was started when it acquired...

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Accounting

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work Week 1 Saved Help Save & Exit Jones Enterprises was started when it acquired $7,500 cash from creditors and $17,500 from owners. The company immediately purchased land that cost $21,000. Required a. Record the events under an accounting equation. b. After all events have been recorded, Jones's obligations to creditors represent what percent 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 has $17,500 in stockholders' equity, can the company repay the creditors at this point? ook Complete this question by entering your answers in the tabs below. ht nces Req A Req B to D 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 mework Week 1 Saved Help Save 2 Complete this question by entering your answers in the tabs below. Reg A Req BtoD on its Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) eBook Hint JONES ENTERPRISES Accounting Equation Land Creditors Cash Stockholders Equity Print ferences Bal $ 0 $ 0 $ 0+ $ Req B to D >

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