Refund/receipt against credit memo

Hi All,

I issued a refund from ‘Receipts’ -> “Batches” for a credit memo that had been sitting on the customer’s account

After issuing the refund through Receipts, the refund showed as a deposit in the “Receipts Register.” 

Would this be correct since it’s a credit memo that I’m refunding? Shouldn’t this show as a debit?

Where i can see the debit memo entry?

Please share some suggestions.

Thanks In Advance.