what needs to be updated?

On January 1, 2024, Ling Services issued $165,000 of five - year, 12% bonds when the market interest rate was 10%. The issue price of the bonds was $177,758. Ling uses the effective - interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round the final answer to the nearest dollar.) A. $9,900 B. $8,250 C. $10,665 D. $8,888 Kilmore Company bought a desk for $500 and received a 1% discount. The shipping charges were $65, and the company paid a handyman $85 to assemble the desk. The cost of the furniture would be: A. $650 B. $12 C. $645 D. $565 On October 1, 2025, ABC Company loaned A. Jenkins $6,000 at an annual interest rate of 6% with a maturity date of April 1, 2026. On October 1, 2025, ABC Company will record A. no entry since the note is due on April 1, 2026 B. a debit to Notes Receivable - A. Jenkins of $6,360 C. a debit to Notes Receivable - A. Jenkins of $6,000 D. a credit to Notes Payable - A. Jenkins of $6,000 Oliver Corp. had net sales of $280,000 for the year ended December 31,2023 . Its beginning and ending total assets were $86,000 and $109,000, respectively. Determine the company's asset turnover ratio for the year ended December 31, 2023. (Round your answer to two decimal places.) A. 2.57 times B. 3.26 times C. 0.79 times D. 2.87 times