Create journal entries for the following

2/10 In an effort to expand your practice into the audit area, you decide to accept Austin Audit as a shareholder. Austin purchases 100 shares of common stock in business by giving you a cash payment of $50,000.

2/16 Austin secures a contract with the Learner Academy to do their annual audit. The amount of the contract is $30,000. Learner issues you a check in the amount of $15,000 as a deposit in order for you to begin the audit on March 1. The audit will be completed by March 30. As part of the contract negotiations, Austin to the manager of Learner Academy to lunch. The cost of the lunch was $85. This was paid out of the petty cash fund.

2/18 Ima Payne comes to you needing assistance with depositing the monthly payroll taxes for her business. You perform this service and hand her invoice #24 in the amount of $1,600 for Tax Services. Ima pays you in cash. 6 2/19 Pauls Plumbing was called out to fix the bathroom toilet. He left an invoice for $400 to be paid within 30 days.

2/21 You purchased a laptop for Austin Audit from the Apple Store. You were given a bill to be paid in 30-days. The total purchase price was $5,000.