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The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,400 Accounts payable $ 1,750 Accounts receivable Land $ 2,500
The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,400 Accounts payable $ 1,750 Accounts receivable Land $ 2,500 Common stock ? $ 9,000 Retained earnings, January 1 $ 3,700 Revenue $ 10,500 Expenses $ 7,750 Based on the above information, what is the balance of Common Stock for Grayson Company? Multiple Choice $950 $11,400 $11,450 $8,700
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