"Mountain Peak 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 5,000 shares of common stock at $55 per share, receiving cash.
2. Purchased inventory worth $50,000 on credit from "Summit Suppliers."
3. Sold goods for $75,000 in cash.
4. Paid $30,000 to "Summit Suppliers" for the inventory purchased.
5. Acquired office furniture worth $60,000 in cash.
6. Paid salaries totaling $25,000.

Requirement:
Journalize all these transactions into a general journal.