As he takes off his coat Warren says, "See, there is nothing up my sleeve, but watch closely I'm about to perform a Magic Trick. Now watch carefully as letters disappear before your very eyes." Warren then wrote on the board the word:

Warren erased everything except the R and said "R stands for right. Credits always go on the right. Now watch carefully as we make more letters disappear." He wrote on the board the word:

Again Warren erased everything except the E and said "Now credit has more letters than debit. In accounting everything must balance." He then erased a little more to form an L and said "L stands for left. Debits always go on the left. There is much more to this magic trick, but remember that Debits and Credits in accounting must always balance. Are you ready to learn more?