Northern Lights, Inc. has prepared a year-end 2021 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred. Northern Lights has a December 31 fiscal year end. Instructions Prepare adjusting journal entries for each of the following items. 1. The Supplies account shows a balance of $540, but a physical count of supplies reveals only $210 on hand. 2. On December 31, 2021, Northern Lights received a utility bill for December electricity usage of $190 that will be paid in early January of 2022. 3. Northern Lights purchased a machine for $10,000 on January 1, 2020. At the time of purchase, Northern Lights estimated that the machine had a five year useful life and $500 salvage value