Stockholders' Equity Accounts

MJ Company has identified the following items. Indicate whether each item is included in an account in the Stockholders' Equity category of the balance sheet and identify the account title. Also, indicate whether the item would increase or decrease stockholders' equity.Stockholders' Equity Accounts

MJ Company has identified the following items. Indicate whether each item is included in an account in the Stockholders' Equity category of the balance sheet and identify the account title. Also, indicate whether the item would increase or decrease stockholders' equity.

Account in Stockholders' Equity Increased/Decreased Equity 1. Preferred stock issued by MJ _________________ _________________ 2. Amount received by MJ in excess of par value when preferred stock was issued _________________ _________________ 3. Dividends in arrears on MJ preferred stock _________________ _________________ 4. Cash dividend declared but unpaid on MJ stock _________________ _________________ 5. Stock dividend declared but unissued by MJ _________________ _________________ 6. Treasury stock _________________ _________________ 7. Amount received in excess of cost when treasury stock is reissued by MJ _________________ _________________ 8. Retained earnings _________________ _________________Stockholders' Equity Accounts

MJ Company has identified the following items. Indicate whether each item is included in an account in the Stockholders' Equity category of the balance sheet and identify the account title. Also, indicate whether the item would increase or decrease stockholders' equity.

Account in Stockholders' Equity Increased/Decreased Equity 1. Preferred stock issued by MJ _________________ _________________ 2. Amount received by MJ in excess of par value when preferred stock was issued _________________ _________________ 3. Dividends in arrears on MJ preferred stock _________________ _________________ 4. Cash dividend declared but unpaid on MJ stock _________________ _________________ 5. Stock dividend declared but unissued by MJ _________________ _________________ 6. Treasury stock _________________ _________________ 7. Amount received in excess of cost when treasury stock is reissued by MJ _________________ _________________ 8. Retained earnings _________________ _________________

Account in Stockholders' Equity Increased/Decreased Equity 1. Preferred stock issued by MJ _________________ _________________ 2. Amount received by MJ in excess of par value when preferred stock was issued _________________ _________________ 3. Dividends in arrears on MJ preferred stock _________________ _________________ 4. Cash dividend declared but unpaid on MJ stock _________________ _________________ 5. Stock dividend declared but unissued by MJ _________________ _________________ 6. Treasury stock _________________ _________________ 7. Amount received in excess of cost when treasury stock is reissued by MJ _________________ _________________ 8. Retained earnings _________________ _________________