Consider the following information related to Pendleton Consulting:

1. On October 1, 2022, Pendleton Consulting entered into an agreement to provide consulting services for six months to Soelberg Company. Soelberg agreed to pay Pendleton \(\$ 750\) for each month of service. Payment will be made at the end of the contract (March 31, 2023).

2. On April 30, Pendleton borrowed \(\$ 40,000\) from a local bank at \(12 \%\). The loan is to be repaid, with interest, after one year. As of December 31, no interest expense had been recognized.

3. On February 25, Pendleton paid \(\$ 36,000\) for 12 months of rent beginning on March 1 . On February 25, Pendleton made a journal entry debiting Prepaid Rent Expense.

4. At the beginning of 2022, Pendleton had \(\$ 825\) in supplies. During 2022, Pendleton purchased \(\$ 7,290\) in supplies. On December 31, 2022, Pendleton had \(\$ 1,035\) in supplies.

For each item listed, prepare the necessary adjusting entries to be made on December 31, 2022.