"Galaxy Corp." began operations on January 1, 20X1. Throughout the year, the company conducted various transactions to advance its business. Record the following transactions in the general journal.
Transactions:

1. Issued 7,000 shares of common stock at $85 per share, receiving cash.
2. Purchased inventory worth $80,000 on credit from "Stellar Suppliers."
3. Sold goods for $130,000 in cash.
4. Paid $65,000 to "Stellar Suppliers" for the inventory purchased.
5. Acquired computer equipment worth $120,000 in cash.
6. Received a utility bill for $14,000.
7. Paid rent amounting to $22,000.
8. Sold goods worth $105,000 on credit to "Cosmos Retailers."
9. Received $95,000 from "Cosmos Retailers" for the sale made on credit.
10. Paid salaries totaling $50,000.

Requirement:
Journalize all these transactions into a general journal.