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McNeil, inc manufactures and sells guitars. During June, McNeil started and completed the production of 300 guitars. McNeil engaged in the following transaction in june:

McNeil, inc manufactures and sells guitars. During June, McNeil started and completed the production of 300 guitars. McNeil engaged in the following transaction in june:

A) Paid $68,000 for materials that were used to make guitars in June.

B) Paid $94,000 wages to production workers

C) Recorded $34,000 of depreciation on factory equipment

D) Sold 260 guitars on account in June for $900 each. Mcneil recorded the cost of goods sold at the time of sale.

Required: record the above transactions using the horizontal financial statements model. Be sure to identify the specific accounts affected by the transaction.

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