"Ocean Breeze Ltd." began its 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 3,000 shares of common stock at $45 per share, receiving cash.
2. Purchased inventory worth $35,000 on credit from "Sea Wave Suppliers."
3. Sold goods for $55,000 in cash.
4. Paid $25,000 to "Sea Wave Suppliers" for the inventory purchased.
5. Acquired office equipment worth $40,000 in cash.
6. Paid salaries totaling $15,000.

Requirement:
Journalize all these transactions into a general journal.Question 2
Scenario:
"Sunrise Foods" started operations on January 1, 20X1. Throughout the year, the company engaged in various transactions to expand its operations. Record the following transactions in the general journal.
Transactions:

1. Issued 4,000 shares of common stock at $50 per share, receiving cash.
2. Purchased inventory worth $45,000 on credit from "Morning Supplies."
3. Sold goods for $60,000 on credit to "Breakfast Retailers."
4. Received $50,000 from "Breakfast Retailers" for the sale made on credit.
5. Acquired a delivery van worth $50,000 in cash.
6. Paid rent amounting to $20,000.

Requirement:
Journalize all these transactions into a general journal.