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 semiannually on June 30 and December 31. - Question 24 A On June 30th when TIM makes his first interest payment, what will the company record as interest expense? $ (rounded to nearest dollar) 203 Question 25 0/1 pts 0/1 pts On June 30th 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)

Use the following to answer 2425 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 semiannually on June 30 and December 31 . Question 24 On June 30th when TIM makes his first interest payment, what will the company record as interest expense? $ (rounded to nearest dollar) Question 25 On June 30th 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)