Anderson Corporation has partially completed the following worksheet for the year ended December 31, 2020:

Required:

1. Use additional columns for adjusted trial balance, statement of earnings, statement of retained earnings, and statement of financial position, and complete the worksheet.

2. Prepare the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

ANDERSON CORPORATION Worksheet for the Year Ended December 31, 2020 Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance Statement of Earnings Financial Statements Retained Statement of Financial Earnings Position Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 33,000 22,000 1.200 600 300 9,000 80,000 35,000 10,000 10,000 12,000 Cash Accounts receivable Supplies inventory Interest receivable Long-term note receivable (10%; dated September 1, 2020) Equipment (8-year life, no residual value) Accumulated depreciation Accounts payable Note payable, short-term (12%; dated July 1, 2020) Interest payable Income taxes payable Contributed capital Retained earnings Service revenue Interest revenue Expenses Depreciation expense Interest expense Income tax expense 720 3,620 35,000 20,000 72,000 300 38,800 600 10,000 720 3,620 184,000 184,000 15,240 15,240 Net earnings Retained earings, December 31, 2020 Journal entry worksheet