Bonds Issued at a Premium, Redeemed at a Loss Plantation Company issued the following bonds at a premium: Date of issue and sale: March 1, 20-1 Principal amount: $700,000 Sale price of bonds: 103 Denomination of bonds: $1,000 Life of bonds: 10 years Stated rate: 9%, payable semiannually on August 31 and February 28

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Bonds Issued at a Premium, Redeemed at a Loss

Plantation Company issued the following bonds at a premium:

Date of issue and sale: March 1, 20-1
Principal amount: $700,000
Sale price of bonds: 103
Denomination of bonds: $1,000
Life of bonds: 10 years
Stated rate: 9%, payable semiannually on August 31 and February 28
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