Using your text and at least one scholarlysource, respond to the following: Transactions typically use thedouble-accounting method of recording, specifically debits and credits. Explain how debits and credits are posted and the types of accounts that areimpacted by each of these transactions. In other words, do debits impactassets and if so, does the debit increase or decrease that account? Usethis example as you work through the debit and credit discussion question. .
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