"Blue Ocean Ltd." started operations on January 1, 20X1. Throughout the year, the company engaged in various transactions to expand its operations. Record the following transactions in the general journal.
Transactions:

1. Issued 15,000 shares of common stock at $110 per share, receiving cash.
2. Purchased inventory worth $95,000 on credit from "Oceanic Suppliers."
3. Sold goods for $150,000 in cash.
4. Paid $80,000 to "Oceanic Suppliers" for the inventory purchased.
5. Acquired office equipment worth $160,000 in cash.
6. Paid salaries totaling $70,000.
7. Sold goods worth $110,000 on credit to "Sea Retailers."
8. Received $100,000 from "Sea Retailers" for the sale made on credit.
9. Paid rent amounting to $35,000.
10. Received a utility bill for $17,000.
11. Purchased office supplies for $6,000 in cash.
12. Declared and paid dividends amounting to $25,000.

Requirement:
Journalize all these transactions into a general journal.