Johnson Workout Center receives $500 from a customer for a one- year membership to the club. What isthe effect on the accounting equation and the income statement accounts? Answer Choices 1, 2, 3, 4, or 5.

1.) A:No effect

L:No effect

SHE:No effect

Rev:No effect

Exp:No Effect

2.) A:Increase

L:No effect

SHE:Increase

Rev:Increase

Exp:No effect

3.) A:Decrease

L:Decrease

SHE:Decrease

Rev:No effect

Exp:Increase

4.) A:Increase

L:Increase

SHE:No effect

Rev:No effect

Exp:No effect

5.) A:No effect

L:Increase

SHE:Increase

Rev:Increase

Exp:Decrease