The lakeshore hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: month guest-day of occupancy custodial supplies expense march 4,000 $ 7,500 april 6,500 $ 8,250 may 8,000 $ 10,500 june 10,500 $ 12,000 july 12,000 $ 13,500 august 9,000 $ 10,750 september 7,500 $ 9,750 guest-days is a measure of the overall activity at the hotel. for example, a guest who stays at the hotel for three days is counted as three guest-days.

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

The simple interest in a loan of $200 at 10 percent interest per year is