Answer each in at least 100 wordsHow are debits and credits used to record these transactions?What criteria are considered when identifying a business transaction?Provide citation and reference to t

 Answer each in at least 100 words

• How are debits and credits used to record these transactions?

• What criteria are considered when identifying a business transaction?

Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding  what factors determine the debit or credit entries, and why.

Describe how you will apply that learning in your daily life, including your work life.

Describe what may be unclear to you, and what you would like to learn.