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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.
1. Preferred stock issued by MJ2. Amount received by MJ in excess of par value when preferred stock was issued3. Dividends in arrears on MJ preferred stock4. Cash dividend declared but unpaid on MJ stock5. Stock dividend declared but unissued by MJ6. Treasury stock7. Amount received in excess of cost when treasury stock is reissued by MJ8. Retained earnings
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