Below is the post-closing trial balance of Sam Consultancy Services as at 30 June 2019:

Debit $ Credit $

Cash at bank 38250

Accounts receivable 8250

Equipment 40500

Accumulated depreciation - Equipment 675

Accounts payable 14250

Wages payable 4500

Revenue received in advance 2625

Sam, Capital 64950

87000 87000

The following transactions occurred during the month July 2019.

July

1

Paid employee salaries, $4500 for June. Sam pays his employees' accrued salaries on the first day of each calendar month.

8

Invoiced customers for consultancy services performed, $13100.

14

Received $3370 cash from customers on account.

15

Performed $1125 of services for customers who paid in advance in June for consultancy services to be performed in July.

25

Sam redrew capital of $1800.

31

Paid $2600 for a two-year insurance policy.

Required

a)Journalise the transactions, including narrations.