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QUESTION 21 The following account balances were drawn from the Year 1 financial statements of Grayson Company: Cash $ 6400 Accounts payable 2250 Accounts receivable

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QUESTION 21 The following account balances were drawn from the Year 1 financial statements of Grayson Company: Cash $ 6400 Accounts payable 2250 Accounts receivable $ 3500 Common stock ? Land $ 10,000 Retained earnings, Jan.1 $ 4700 Revenue $ 11,500 Expenses 8250 What is the balance of the Common Stock account? $9700 $12,400 $1450 $12,950

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