1) transactions typically use the double-accounting method of recording, specifically debits and credits. Explain how debits and credits are posted and the types of accounts that are impacted by each

1) transactions typically use the double-accounting method of recording, specifically debits and credits. Explain how debits and credits are posted and the types of accounts that are impacted by each of these transactions. In other words, do debits impact assets and if so, does the debit increase or decrease that account?  Use this example as you work through the debit and credit discussion question. 200 words

2) Inventory continues to be a challenge for healthcare managers. Using the FIFO and LIFO methods of inventory, analyze the accounting implications of each method. 200 words

DUE 9/25/19 @8am eastern w/turnitin report