For each transaction, prepare the journal entry to record the initial transaction.

For each transaction, prepare any necessary adjusting journal entry as of December 31 (or any other applicable date provided).

Tequila Mockingbird Bar & Grill has a calendar year-end. The following transactions occurred during the year:

• On September 4, it paid for a 6-month advertising contract for $2,145.
• On October 2, it received $1,352 from a customer for prepaid catering services. The customer will be receiving the catering services in an equal amount for the next four months.
• On October 12, it billed $766 for cheese which a customer had purchased. The customer paid the bill in full on December 15.
• On November 11, it received an invoice from the telephone company for $621. It paid the invoice on December 21.