"Green Valley Inc." started operations on January 1, 20X1. Throughout the year, the company engaged in several transactions to grow its business. Record the following transactions in the general journal.
Transactions:

1. Issued 5,000 shares of common stock at $55 per share, receiving cash.
2. Purchased inventory worth $50,000 on credit from "Hillside Suppliers."
3. Sold goods for $75,000 in cash.
4. Paid $35,000 to "Hillside Suppliers" for the inventory purchased.
5. Acquired a delivery truck worth $60,000 in cash.
6. Received a utility bill for $8,500.
7. Paid rent amounting to $10,000.
8. Sold goods worth $60,000 on credit to "Valley Retailers."
9. Received $50,000 from "Valley Retailers" for the sale made on credit.
10. Paid salaries totaling $22,000.

Requirement:
Journalize all these transactions into a general journal.