As you saw in the video, stock can be issued for cash or for other assets. A journal entry dated January 3, 2019.The following journal entry is recorded for the purchase of the treasury stock under the cost method. The journal entry for issuing preferred stock is very similar to the one for common stock. You can trade shares of common stock for land or other assets. In this type of deal, you take ownership of the land and the seller gets a stake in your company. SC Corporation would record the following journal entry. The holder of a warrant has the right to purchase a specified number of shares of stock at a stated price before an expiration date. A company issues common stock to raise money, so the debit will always be to cash. Most states either require or recommend that you keep a record of your notarizations.