Classify the following accounts into one of the following categories:

(LG 12-1, LG 12-2, LG 12-3, LG 12-4)

a. Assets

b. Liabilities

c. Equity

d. Revenue

e. Expense

f. Off-balance-sheet activities Service fees charged on deposit accounts Retail CDs Surplus and paid-in capital Loan commitments Consumer loans Federal funds sold Swaps Interest on municipals Interest on NOW accounts NOW accounts Commercial letters of credit Leases Retained earnings Provision for loan losses Interest on U.S. Treasury securities

 LO.1