Question: step by step please NAME: Mr. Chen decided to raise some cash for his business. On January 1, 2018 he sold $300,000 017 year 8%

 step by step please NAME: Mr. Chen decided to raise some

step by step please

NAME: Mr. Chen decided to raise some cash for his business. On January 1, 2018 he sold $300,000 017 year 8% Bonds. He also sold 10,000 shares of common stock at $100 per share. Mr Bedford bought all the bonds and all the stock Record the sale on the books of Mr. Chen. Record the purchase on the books of Mr. Bedford 1. 2. Record the July 1 interest payment on Mr. Chen's books and on Mr. Bedford's books. 3. What percentage of Mr. Chen's financing was debt and what percentage was equity? On January 1, 2019 Mr. Bedford sells his bonds to Mr. DeMaris. Record the sale /purchase on Bedford and Demaris books if the current interest rate is 6% and f 1096

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