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Jones Enterprises was started when it acquired $3,900 cash from creditors and $9,100 from owners. The company immediately purchased land that cost $11,000.
Required:
Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.)

Respuesta :

Answer:

Explanation:

The accounting equation is presented below:

    Assets     =                    Liabilities  +             Stockholders equity  

            Cash   +    Land     =       Account payable                

1.       $13,000  +    $0        =          $3,900            +         $9,100

2.   - $11,000  +   $11,000   =          $0                    +        $0

Total $2,000  +    $11,000 =         $3,900             +        $9,100

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