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The following account balances were drawn from the Year 1 financial statements of Grayson Company Cash Accounts receivable. Land What is the balance of

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The following account balances were drawn from the Year 1 financial statements of Grayson Company Cash Accounts receivable. Land What is the balance of the Common Stock account? $5,900 Accounts payable $3,000 Common stock $2,000 2 $9,500 Retained earnings, January 1 $4,200 Revenue $11,000 Expenses $8,000

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