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The following are the account balances of Machado Co. at August 31, 2014: Dividends Payable ....................... $ Preferred Stock, $50 par .................... Paid-in Capital in

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The following are the account balances of Machado Co. at August 31, 2014: Dividends Payable ....................... $ Preferred Stock, $50 par .................... Paid-in Capital in Excess of Par-Common ....... How many shares of common stock has Machado issued? 7,500 Cash ................$ 25,000 Common Stock, $5 par... 125,000 Retained Earnings...... 124,000 1,250,000 400,000 O A. 124,000 OB. 250,000 O C. 1,375,000 OD. Some other amount

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