Annual Report Analysis of Winmark Corporation 2013 Financial Report
Report Prepared by:
Daisy Taylor
April 20, 2014
Report Intended For:
Financial Accounting II
Professor Nicolas Lebredo
1
Table of Content
Cover Page
1
Table of Content
2
Introduction
3
Re
BV of Divisons Assets
FV of Divisions Assets
Sum of Est. Cash Flow
26.5 mil
21 mil
28 mil
*There is no loss to be recorded because the BV does not exceed the Est. Cash Flow for the asset.
A. Annual Maintenance on Machinery
B. Remodeling of Offices
C. Rear
Journal Entries to Record Transactions
1/13/2013
No entry to be recorded because the loan has not actually taken place, the reveling
credit agreement obligations and terms have been discussed only.
2/1/2013
Cash
Note Payable
5 mil
5/1/2013
Note Payable
In
Journal Entries:
DB
7/1/2013
Investment
Bond Discount
Cash
12/31/2013
Cash (3% * 240 mil)
Bond Disc
Interest Revenue (4% * 200 mil)
CR
240 mil
40 mil
200 mil
7.2 mil
.8 mil
8 mil
12/31/2013
Investment
240 mil
Less: Bond Disc (40-.8)
39.2 mil
Amortized Cos
E10-1
Capitalized Cost of Land:
Purchase Price
Demolition of Old Building
Architect Fees for New Building
Legal Fees for title Investigation of Land
Construction Costs
Interest on Contruction Loan
Salvaged Material Sale
$60,000
4,000
12,000
2,000
500,000
ACCT 212: Course Project 1
Requirement
Part A
1
2
3
Part B
4
5
6
7
8
9
10
ACCT 212: Course Project 1
Requirement Description
Click on the worksheet
link to complete the
corresponding
Requirement or the
Prepare the Journal Entries in the GeneralProject
Jou
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