"Majestic Ventures Ltd." started operations on January 1, 20X1. Throughout the year, the company engaged in numerous transactions to enhance its business. Record the following transactions in the general journal.
Transactions:

1. Issued 12,000 shares of common stock at $90 per share, receiving cash.
2. Purchased inventory worth $85,000 on credit from "Majestic Supplies."
3. Sold goods for $140,000 on credit to "Prestige Retailers."
4. Received $120,000 from "Prestige Retailers" for the sale made on credit.
5. Acquired office furniture worth $130,000 in cash.
6. Paid rent amounting to $60,000.

Requirement:
Journalize all these transactions into a general journal.