Master Issuing Common Stock for Assets or Services with free video lessons, step-by-step explanations, practice problems, examples, and FAQs. (1) Treasury shares;.(2) Issued as a share dividend or distribution;. Shares Issued for Cash. This is the simplest scenario: shares will be issued to the holder in exchange for a cash payment. (1) If the domestic corporation is not authorized to issue any shares of capital stock, fifty dollars;. At this point, when they sign the charter and get everything set up for the corporation, they're not going to make any specific journal entry. Based on the information presented in the tax budget. The journal entry for issuing preferred stock is very similar to the one for common stock. Use these instructions to complete Form SS-4, Application for.