The following defined pension data of Novak Corp. apply to the year 2017 Projected benefit obligation, 1/1/17 (before amendment) 569000
Plan assets, 1/1/17 553900
Pension liability On January 1, 2017, 15,100
Novak Corp., through plan amendment, 121,000
grants prior service benefits having a present value of
Settlement rate 8%
Service cost 63400
Contributions (funding) 62400
Actual (expected) return on plan assets 52,700
Benefits paid to retirees 38,400
Prior service cost amortization for 2017 16,200
For 2017, prepare a pension worksheet for Novak Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts (Enter all amounts as positive.)

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?

Circuittown commenced a gift card program in january 2018 and sold $12,150 of gift cards in january, $19,150 in february, and $18,100 in march of 2018 before discontinuing further gift card sales. during 2018, gift card redemptions were $7,850 for the january gift cards sold, $4,350 for the february cards, and $4,250 for the march cards. circuittown considers gift cards to be “broken” (not redeemable) 10 months after sale. required: 1. how much revenue will circuittown recognize with respect to january gift card sales during 2018? 2. prepare journal entries to record the sale of january gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. 3. how much revenue will circuittown recognize with respect to march gift card sales during 2018? 4. what liability for deferred revenue associated with gift card sales would circuittown show as of december 31, 2018?