"Majestic Ventures LLC" began operations on January 1, 20X1. Throughout the year, the company conducted various transactions to grow its business. Record the following transactions in the general journal.
Transactions:

1. Issued 32,000 shares of common stock at $180 per share, receiving cash.
2. Purchased inventory worth $130,000 on credit from "Majestic Supplies."
3. Sold goods for $220,000 in cash.
4. Paid $150,000 to "Majestic Supplies" for the inventory purchased.
5. Acquired office equipment worth $230,000 in cash.
6. Paid salaries totaling $140,000.
7. Sold goods worth $180,000 on credit to "Royal Retailers."
8. Received $170,000 from "Royal Retailers" for the sale made on credit.
9. Paid rent amounting to $70,000.
10. Received a utility bill for $31,000.
11. Purchased office supplies for $13,000 in cash.
12. Declared and paid dividends amounting to $60,000.

Requirement:
Journalize all these transactions into a general journal.