16. Titan Coolers makes monthly payments for its utilities. To decrease errors, Titan Coolers authorizes an electronic transfer from its bank account to the utility company's bank account. Which type of cash payment system is the company using? 17. Determine if each item will appear on the bank statement as a debit or credit memo. Also indicate if the item will increase or decrease the balance of the company's bank account. a. Interest earned on the bank account b. Monthly service charge c. Correction of a deposit for $410, when the bank originally recorded a deposit of $310