"Summit Peak Ltd." launched 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 8,000 shares of common stock at $90 per share, receiving cash.
2. Purchased inventory worth $85,000 on credit from "Pinnacle Suppliers."
3. Sold goods for $140,000 in cash.
4. Paid $70,000 to "Pinnacle Suppliers" for the inventory purchased.
5. Acquired office furniture worth $130,000 in cash.
6. Received a utility bill for $15,000.
7. Paid rent amounting to $25,000.
8. Sold goods worth $110,000 on credit to "Apex Retailers."
9. Received $100,000 from "Apex Retailers" for the sale made on credit.
10. Paid salaries totaling $55,000.

Requirement:
Journalize all these transactions into a general journal.