asking you to put the account balances on the correct side of the account (debit or credit). You On the "Problem 2 Part 2" tab, prepare closing journal entries for the temporary accounts. Make The following information is related to Clover Company for the year ended December 31, 2020 Put the account balances, as shown below, in the appropriate accounts. In this step. I am simply can always assume when given an account balance that it has a "normal balance." lem 2 (prior to closing entries). Step 1: Step 2: sure you understand which accounts are closed and which accounts are not closed. Step 3: Fil in the financial statements on the tab "Problem 2 - Part 3." Assets Liabilities + Equity Cash Accounts Payable Owner's Capital Accounts Receivable Wages Payable Drawing Equipment Consulting Fees Accumulated Depreciation Wages Expense Rent Expense Utilities Expense Assume the following normal account balances prior to the closing of the temporary accounts: Cash $ 13,000 Accounts Receivable 1,500 Equipment 5,000 Accumulated Depreciation 400 Accounts Payable 200 Wages Payable 1,400 Owner's Capital 15,600 Drawing/Owner's Withdrawal 1,300 Consulting Fees (Revenue) 6,400 Wages Expense 1,000 1,500 Rent Expense 300 Utilities Expense 400 Napreciation Expense Depreciation Expense