Tyrell Company has a Supplies account balance of $1,000 on January 1, 2011. During 2011, it purchased $3,000 of supplies. As of December 31, 2011, a supplies inventory shows $1,300 of supplies available. Prepare the adjusting journal entry to correctly report the balance of the Supplies account and the Supplies Expense account as of December 31, 2011. (Omit the "$" sign in your response.)