debit/credit

Using your text and at least one scholarly source, respond to thefollowing: Transactions typically use the double-accounting method ofrecording, specifically debits and credits. Explain how debits andcredits are posted and the types of accounts that are impacted by eachof these transactions. In other words, do debits impact assets and ifso, does the debit increase or decrease that account? Use this exampleas you work through the debit and credit discussion question.