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For each of the following events, indicate the amounts and direction of effects on the elements of the statement of financial position and statement of

For each of the following events, indicate the amounts and direction of effects on the elements of the statement of financial position and statement of earnings. Using the following format, indicate + for increase, and - for decrease, and NE for no effect. Also, include the specific account name affected. Albatros Ltd has a June 30 year end and it uses straight line depreciation. Albatros records adjustments and depreciation monthly. Transactions: Eg: July 31, 2020 - Rent in the amount of $1,500 is paid to the landlord for the month of July 2020.

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