"Peak Performance Sports Gear" started operations on January 1, 20X1. Record the following transactions in the general journal.
Transactions:

1. Issued 21,000 shares of common stock at $160 per share, receiving cash.
2. Purchased athletic gear worth $150,000 on credit from "Sports Suppliers."
3. Sold sports equipment for $290,000 in cash.
4. Paid $170,000 to "Sports Suppliers" for the gear purchased.
5. Acquired display racks worth $245,000 in cash.
6. Paid wages totaling $130,000.
7. Sold goods worth $260,000 on credit to "Fitness Retailers."
8. Received $240,000 from "Fitness Retailers" for the sale made on credit.
9. Paid rent amounting to $105,000.
10. Received a utility bill for $52,000.

Requirement:
Journalize all these transactions into a general journal entry.