A friend says to you: Im confused. I have a memo included with my bank statement indicating

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A friend says to you: ‘‘I’m confused. I have a memo included with my bank statement indicating a $20 service charge for printing new checks. If the bank is deducting this amount from my account, why do they call it a ‘debit memoranda’? I thought a decrease in a Cash account would be a credit, not a debit.’’ How can you explain this?

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