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Charlie Driver has $35,000 saved and has decided to attend college, taking courses in marketing...

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Charlie Driver has $35,000 saved and has decided to attend college, taking courses in marketing and retailing. To help pay his tuition and living expenses, he contracted with a mobile catering company as an independent driver. Charlie will run his mobile catering business on a cash basis; he has named his business Charlie's Convenient Catering, or the 3C Company for short **** Sometimes have included some accounts in the Journal Entry as Hints to help you. If I did not include the Account Name then you need to fill it in for yourself. **** When it says "Charlie Driver think the company instead. So the company buys the truck not Charlie personally. 1. Charlie invests his own money and form a company called 3C Company. The company sells Charlie (the investor) Common Stock. Date 1/1/2018 Company sells Common Stock to Charlie in return for him investing $35,000 of cash into the company (Company gets the cash) Write the Journal Entry and Post to the T-account Account Debit Credit Common Stock 3C Company sells Common Stock to Investor

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