As you saw in the video, stock can be issued for cash or for other assets. The journal entry for issuing preferred stock is very similar to the one for common stock.IF the company sells the shares for less than the par value, then you would debit APIC. Prepare the general journal entry to record this transaction. Shares Issued for Cash. This is the simplest scenario: shares will be issued to the holder in exchange for a cash payment. Learn more about applying for Merchandise Part Time, Disney's Hilton Head Island Resort at DISNEY. You can complete the application at your local CSS office or apply online. Is an application fee required? If the decedent did not name an executor in the will or dies intestate.