Based on your reading in the textbook, write your answers to the following questions in a Word document and submit them to the Drop Box as explained below:
1.Following is a list of accounts:
a.Services charged on deposit accounts
b.Retail CDs
c.Surplus and paid-in capital
d.Consumer loans
e.Federal funds sold
f.Interest on municipals
g.NOW accounts
h.Commercial letters of credit
i.Leases
j.Provision for loan losses
Your task is to classify each of these accounts into one of the following categories. (More than one account will go with some of the categories.)
1.Assets
2.Liabilities
3.Equity
4.Revenue
5.Expense
6.Off-balance-sheet activities