Colgate-Palmolive Company has just paid an annual dividend of $1.32. Analysts are predicting dividends to grow by $0.13 per year over the next five years. After then, Colgate's earnings are expected to grow 5.7% per year, and its dividend payout rate will remain constant. If Colgate's equity cost of capital is 8.8% peryear, what price does the dividend-discount model predict Colgate stock should sell for today?

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Required: i. Journalise the above mentioned transactions. (15 marks). ii. The following additional information regarding Pearson & Co. is available: By March 31, one month's advance rent payment was consumed. What should be the adjusting journal entry? On the last day of the month, a physical count of office supplies showed that $2,500 worth of supplies were used by Pearson & Co. What should be the adjusting entry? - By March 31, Pearson & Co. already provided services worth $2,500 to it's client Bakers Ltd. What should be the adjusting journal entry? On March 31, salary and wages of $8,900 was still accrued and unpaid. What should be the adjusting journal entry? The total interest payment for the notes payable will be made at the end of the payable (loan) period, i.c., after 5 months. What should be the adjusting journal entry for this transaction? (5 marks) ii. Prepare the Adjusted Trial Balance for Pearson & Co., for the month ended March 31, 2022. (8 marks) iv. Prepare the Statement of Owner's Equity for Pearson & Co., for the month ended March 31, 2022. (5 marks) v. Prepare the Classified Balance Sheet for Pearson & Co., for the month ended March 31, 2022. (10 marks) Required: i. Journalise the above mentioned transactions. (15 marks). ii. The following additional information regarding Pearson & Co. is available: By March 31, one month's advance rent payment was consumed. What should be the adjusting journal entry? On the last day of the month, a physical count of office supplies showed that $2,500 worth of supplies were used by Pearson & Co. What should be the adjusting entry? - By March 31, Pearson & Co. already provided services worth $2,500 to it's client Bakers Ltd. What should be the adjusting journal entry? On March 31, salary and wages of $8,900 was still accrued and unpaid. What should be the adjusting journal entry? The total interest payment for the notes payable will be made at the end of the payable (loan) period, i.c., after 5 months. What should be the adjusting journal entry for this transaction? (5 marks) ii. Prepare the Adjusted Trial Balance for Pearson & Co., for the month ended March 31, 2022. (8 marks) iv. Prepare the Statement of Owner's Equity for Pearson & Co., for the month ended March 31, 2022. (5 marks) v. Prepare the Classified Balance Sheet for Pearson & Co., for the month ended March 31, 2022. (10 marks)

Answer rating: 100% (QA)

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