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

1. Issued 22,000 shares of common stock at $140 per share, receiving cash.
2. Purchased inventory worth $110,000 on credit from "Mountain Suppliers."
3. Sold goods for $180,000 in cash.
4. Paid $110,000 to "Mountain Suppliers" for the inventory purchased.
5. Acquired machinery worth $190,000 in cash.
6. Paid salaries totaling $100,000.
7. Sold goods worth $140,000 on credit to "Summit Retailers."
8. Received $130,000 from "Summit Retailers" for the sale made on credit.
9. Paid rent amounting to $50,000.
10. Received a utility bill for $23,000.
11. Purchased office supplies for $9,000 in cash.
12. Declared and paid dividends amounting to $40,000.

Requirement:
Journalize all these transactions into a general journal.