On July 1, 2023, Martha Jones started Martha's Auto Repair Shop, Inc. On that same day, Martha purchased the following supplies for use in the repair shop: On July 1, Martha paid cash for the supplies and set the accounting policy that all supplies would initially be recorded in the Supplies asset account. At the end of July, Martha counted the supplies that were left and prepared the following listing: At the end of August, Martha counted the supplies that were left and prepared the following listing: The following is a partial list of the accounts in Martha's General Ledger. These are the only accounts you need for this problem At the end of August, Martha counted the supplies that were left and prepared the following listing: The following is a partial list of the accounts in Martha's General Ledger. These are the only accounts you need for this problem. D Cash D Supplies Supplies Expense Use the forms on Tabs and in the Excel workbook Chapter 07 c- Problem 7.1 to 78 Forms to complete this problem. Requirement 1 Prepare the General Journal entry to record the purchase of the supplies on July 1. Requirement 2 Calculate the dollar amount of supplies on-hand as of July 31. Requirement 3 Prepare a " T " account analysis to determine the required July 31 adjustment to the Supplies account. Requirement 4 Prepare the July 31 General Journal supplies adjusting entry. Requirement 5 Calculate the dollar amount of supplies on-hand as of August 31. Requirement 6 Prepare a " T " account analysis to determine the required August 31 adjustment to the Supplies account. Requirement 7 Prepare the August 31 General Journal supplies adjusting entry. Requirement 8 What was the total dollar amount of supplies consumed during Martha's first two months of operation