The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,100...

Transcribed Image Text:

The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,100 Accounts payable $ 1,600 Accounts receivable Land $ 2,200 Common stock $ 8,700 Retained earnings, January 1 $3,400 Revenue $ 10,200 Expenses $ 7,600 Based on the above information, what is the balance of Common Stock for Grayson Company? Multiple Choice $11,000 $8,400 $800 $11,100 The following account balances were drawn from the financial statements of Grayson Company: Cash $ 5,100 Accounts payable $ 1,600 Accounts receivable Land $ 2,200 Common stock $ 8,700 Retained earnings, January 1 $3,400 Revenue $ 10,200 Expenses $ 7,600 Based on the above information, what is the balance of Common Stock for Grayson Company? Multiple Choice $11,000 $8,400 $800 $11,100