The following account balances were drawn from the financial statements of Grayson Company: ...
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Accounting
The following account balances were drawn from the financial statements of Grayson Company:
| Cash | $ 6,300 | Accounts payable | $ 2,200 |
|---|---|---|---|
| Accounts receivable | $ 3,400 | Common stock | ? |
| Land | $ 9,900 | Retained earnings, January 1 | $ 4,600 |
| Revenue | $ 11,400 | ||
| Expenses | $ 8,200 |
Based on the above information, what is the balance of Common Stock for Grayson Company?
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