As you saw in the video, stock can be issued for cash or for other assets. Access study documents, get answers to your study questions, and connect with real tutors for ACCOUNTING 3000 : ACTG 3000 at Santa Clara University.All common stock issued was for cash. The investors become owners of the company and are called stockholders. A journal entry must be recorded when a corporation issues stock. IF the company sells the shares for less than the par value, then you would debit APIC. As-Needed Temporary Employee (Accounting) (20409473). City of Santa Clara. An expert can easily answer all of these questions and complete the initial setup and Installation in a timely manner.