As you saw in the video, stock can be issued for cash or for other assets. This video shows how to record a journal entry for a stock issuance.Additional paid-in capital (APIC) is the plug. A journal entry must be recorded when a corporation issues stock. Not all dividends are paid in cash. Some companies issue stock dividends, which are additional shares of the company that are distributed to investors. Final answer: The necessary journal entry for issuing preferred stock for cash involves a debit to Cash and a credit to Preferred Stock. A journal entry in accounting is how you record financial transactions. Go to channel Issuing Stock for Cash - How to record the journal entry for the issuing of common stock for cash There are two ways to clear Expense Claims as a sole proprietor: Reimburse yourself from a cash or bank account.