The following account balances were drawn from the Year 1 financial statements of Grayson Company: Cash$5000? Accounts payable$1550? Accounts receivable$2100? Common stock ? Land$8600? Retained earnings, Jan.1$3300? Revenue$10,100? Expenses$7550? What is the balance of the Common Stock account?
A. $8300
B. $10,850
C. $11,000
D. $750
Answer: A
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