"Diamond Star Ltd." began operations on January 1, 20X1. Throughout the year, the company engaged in numerous transactions to advance its business. Record the following transactions in the general journal.
Transactions:

1. Issued 5,000 shares of common stock at $75 per share, receiving cash.
2. Purchased inventory worth $70,000 on credit from "Crystal Suppliers."
3. Sold goods for $110,000 in cash.
4. Paid $55,000 to "Crystal Suppliers" for the inventory purchased.
5. Acquired office equipment worth $100,000 in cash.
6. Received a utility bill for $12,000.
7. Paid rent amounting to $18,000.
8. Sold goods worth $95,000 on credit to "Gem Retailers."
9. Received $85,000 from "Gem Retailers" for the sale made on credit.
10. Paid salaries totaling $40,000.

Requirement:
Journalize all these transactions into a general journal.