Hi there. Please help with the below. Please put in the Excel and show the explanations

a. I need to record the transaction using the accounting equation and include the account names & $ amounts.

b. I need to indicate the effect of each transaction on the Statement of Cash Flow using the direct method. I need to specify which section(s) of the SCF the transaction affects and in what direction.If there is no effect on the SCF, I need to write "no effect".

1. Recognized $41,000 of salaries, wages & commission expenses. Paid $34,000 cash. The remainder is to be paid in the following quarter.

Accounting Equation

Statement of Cash Flow

1. Collected $13,000 from customers for earlier sales made on account

Accounting Equation

Statement of Cash Flow

1. Sold merchandize that has a cost of $18,000 for $35,000. The customer promised to pay the full amount at the end of the coming month.

Accounting Equation

Statement of Cash Flow

1. Bought equipment for $90,000. Paid $65,000 cash and signed a 6-month 5% note for the remainder.

Accounting Equation

Statement of Cash Flow