Assessment 2 1. In terms of accounting Equation wrt financial statements: (1) cash, (2) service revenue, (3) drawings, (4) accounts receivable, (5) accounts payable, and (6) Salaries a. Classify the items as assets, liabilities, or er's equity. For the owner's equity items, indicate whether these items increase or decrease equity. b. Indicate which financial statement the item is reported in