You have been provided with the following alphabetical list of accounts for Thaxted Ltd. for 2017…

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You have been provided with the following alphabetical list of accounts for Thaxted Ltd. for 2017. Use the information to prepare an income statement for the year ended December 31, 2017, and balance sheet as of December 31, 2017. You should be able to figure out how to treat accounts that have names that are unfamiliar to you by applying your understanding of the financial statements learned in thischapter.

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