What is the journal entry for a stock issue?

debit cash / bank
credit share capital

Issuing Par Value Common Stock for Cash

(assume par value is $1) dr. Cash $1.00

cr. Common Stock $1.00

to record issuance of 1 share of $1 par common stock if sold for more than par value (Assuming $5) dr. Cash $5

cr. Common Stock $1

Paid-in Capital in excess of par $4

to record issuance of 1 share of common stock in excess of par.