The following list contains some of the accounts used by Living Well Health Spa.

Using the form in your working papers:

1. In the first column, indicate the financial statement where each account appears: balance sheet or income statement.

2. In the next column, indicate whether or not the account is affected by a closing entry.

3. In the last column, indicate whether or not the account appears on the post-closing trial balance. The first account is shown as an example.

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General Ledger Accts. Pay. The Fitness Shop Accts. Rec.-Linda Brown Advertising Expense Cash in Bank Exercise Class Revenue Exercise Equipment Income Summary Laundry Equipment Maintenance Expense Membership Fees Miscellaneous Expense Office Furniture Rent Expense Repair Tools Ted Chapman, Capital Ted Chapman, Withdrawals Utilities Expense