Debits/Credits and Revenue/Expense

Week 2 Discussions and Required Resources Part 1 and Part 2 must be at developed 200 words    Part 1: Debits and Credits    Define debits and credits and clear-up how   they are used to chronicles employment transactions.  Is it gentleman that debits regularly   extension and credits regularly decline? Why or why not?   Part 2: Return & Expense Review the individuality named “Investor Insight” in Stipulation 3 (stipulation immovable as a PDF) of your quotation which shows the elder return and charge accounts of the Chicago Cubs baseball team. Considering the enormous extension in administrative baseball players’ salaries in the developed decade, what do you imagine has happened to completion charges and net pay of administrative baseball teams? If net pay has not declined, what has been performed to offset the upper salaries? Should fans be expected to pay upper prices for ‘America’s open pastime’ to aid offset the costs of upper salaries?  Required Resource Text Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2016). Financial accounting: Tools for employment conclusion making (8th ed.). Retrieved from · Stipulation 3: The Accounting Information System · Stipulation 4: Accrual Accounting Concepts (Chapters 3 & 4 are in the attachments for the assignments)  Recommended Resource Website Textbook Student Companion Site ( · Review the PowerPoint presentations for Stipulation 3 and Stipulation 4 ground on the quotationbook publisher’s website. (Chapters 3 & 4 PowerPoints are in the attachments for the assignments).