Question: Use the following to answer 24-25 TIM issued bonds with a stated rate of 9%, face amount $100,000 for $102,003 when the market rate was

Use the following to answer 24-25 TIM issued bonds with a stated rate of 9%, face amount $100,000 for $102,003 when the market rate was 8.5% with interest of $4,500 paid semlannually on June 30 and December 31.

24. On June 30% when TIM makes his first interest payment, what will the company record as interest expense? (rounded tonearest dollar)

25. On June 30% when TIM makes his first interest payment, what will the company record as the bond liability after interest expense is recorded? $ (rounded to nearest dollar)

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