Reference no: EM132478578

Question a) Record the events under the accounting equation

Cash + Land = Creditors + Stockholders Equity

1        $ 24.000  10,000             14,000

2       $(7,500) 7,500

Balance $ 16.500            $ 7,500

                10,000       14,000

Question b) After all events have been recorded, Anna's obligations to creditors represent what percentage of total assets:

Creditors Claim Total Assets

Percent of total

Question c) After all the events have been recorded, Anna's Stockholders equity represents what percentage of total assets

Investor's Claims Total Assets Percent of total