"Golden Sands Inc." began operations on January 1, 20X1. Throughout the year, the company executed several transactions to enhance its business. Record the following transactions in the general journal.
Transactions:

1. Issued 18,000 shares of common stock at $120 per share, receiving cash.
2. Purchased inventory worth $100,000 on credit from "Sands Suppliers."
3. Sold goods for $160,000 in cash.
4. Paid $90,000 to "Sands Suppliers" for the inventory purchased.
5. Acquired office furniture worth $170,000 in cash.
6. Paid salaries totaling $80,000.
7. Sold goods worth $120,000 on credit to "Desert Retailers."
8. Received $110,000 from "Desert Retailers" for the sale made on credit.
9. Paid rent amounting to $40,000.
10. Received a utility bill for $19,000.
11. Purchased office supplies for $7,000 in cash.
12. Declared and paid dividends amounting to $30,000.

Requirement:
Journalize all these transactions into a general journal.