Required Prepare T-accounts (representing the ledger) with balances from the unadjusted trial balance. Prepare the necessary adjusting journal entries for items a through h and post them to the T-accounts. Assume that adjusting entries are made only at year-end. Update balances in the T-accounts for the adjusting entries and prepare an adjusted trial balance. Prepare Wells Technical Institute's income statement and statement of retained earnings for the year 2013 and prepare its balance sheet as of December 31, 2013. Required Prepare T-accounts (representing the ledger) with balances from the unadjusted trial balance. Prepare the necessary adjusting journal entries for items a through h and post them to the T-accounts. Assume that adjusting entries are made only at year-end. Update balances in the T-accounts for the adjusting entries and prepare an adjusted trial balance. Prepare Wells Technical Institute's income statement and statement of retained earnings for the year 2013 and prepare its balance sheet as of December 31, 2013