Snuffles Company purchased supplies costing $3,640 and debited Supplies account for the full amount. At the end of the accounting period, a physical count of supplies revealed that $890 were still on hand. Which of the following adjusting entries is recorded correctly for the end of the accounting period?

1 DR: Supplies $3,640; CR: Cash $3,640

2 DR: Supplies $2,750; CR: Supplies Expense $2,750

3 DR: Supplies Expense $890; CR: Supplies $890

4 DR: Supplies Expense $2,750; CR: Supplies $2,750