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What is the balance of its common stock account

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Question - A company has the following accounts and account balances at the end of its first year:

Accounts payable, $1,000

Cash, $15,000

Common stock, Not given

Dividends, $2,000

Expenses, $15,000

Notes payable, $4,000

Prepaid insurance, $2,000

Revenues, $20,000

Required - What is the balance of its common stock account at the end of the first year?

Reference no: EM132633655

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