Prepare the necessary journal entries for the following transactions: C D 1. Big Blue inc. purchases inventory for $10,000 on account. 2. Big Blue Inc. makes a sale or gooas to a customer for $25,000. The cost of those goods sold is $10,000. debit credit credit 3. Big Blue Inc. Pays fonthe inventory from the first entry. 4. Big Blue Inc. Pays employee salaries of $1,200 total. 5. Big Blue Inc. provides a service for $5,000 to a customer on account. 6. Big Blue Inc. prepays their rent for the next year totaling $24,000. 7. One month of the rent from the previous entry has now passed. 8. A customer pays Big Blue inc. $8,000 for a service that they will not receive for another 4 months. 9. One of Big Blue Inc.'s equipment have depreciated $2,000. 10. Using the allowance method, Big Blue Inc, estimates that $3,000 of Accounts Receivables will be uncollectible for the year