[1] If by this you mean the Father punished Jesus with the punishment our sins deserved I would say that is not only flatly un-Biblical, it is blasphemous.
Is not the wages of sin death (Rom. 6:23a)? Did He not die? To say that He did not die, in your stead, would be blasphemous, indeed.
Also, if there is nothing on the “debt side” I would say at that point you are actually righteous in God’s sight.
You’d make a poor bookkeeper. The debit side is simply clean. No entry. All debts were forgiven. It doesn’t make anyone “righteous.” It doesn’t even make anyone
innocent. The sinner has been
pardoned ALL debts in view of the cross. It brings his account to ZERO. But there is nothing on the “
credit” side of the divine Ledger.
Adam was
innocent before the fall, but he was not “
righteous.” After the fall he was
guilty of transgressing a divine commandment. He sinned, and the wage of that sin was death (spiritual and physical).
Divine forgiveness does not bring the believer back to the state of Adam before the fall:
Innocent. No man (save the Theanthopic Man) can ever be seen as innocent before God:“For ALL SINNED (past tense,
i.e, in Adam) and (
continually, present tense) fall short of the glory of God” (Rom. 3:24a).Part B of Rom. 3:24 is the CREDIT side of the divine Ledger. As a GIFT God justifies (credits/reckons righteousness) to the pardoned believer. He imputes Christ’s righteousness to the right hand column of the divine Ledger. And the ground on which He imputes that righteousness is that the believer is no longer “
in Adam,” but now “
in Christ,” (the “
Last Adam”), a new creation (1 Cor. 15:45; 2 Cor. 5:17; Eph. 2:10).
[2] First of all I would say this concept is not to be found in Scripture. Next, I would say it obliterates any need for sanctification because God only sees you and values you as far as what is in your portfolio, not the quality of your soul. This concept would be equivalent to someone who keeps all the civil laws, pays taxes, gives to charity but is engaging in fornication. To the eyes of the law that person is a fine upstanding citizen, to the eyes of God that person is living in sin. There is no severing the quality of your soul with what God views your soul as. Here is a striking example of what the imputed righteousness view is saying: With the Protestant view the Christian is seen and considered perfectly righteous in the eyes of God even so during the very act of rape, this is an abomination.
Your analogy is completely false because you leave out the work of the Holy Spirit in salvation:
regeneration. All three Person of the Godhead are involved in man’s salvation. And theologically you confound sanctification and justification. This is one of the areas where Catholic theology falls short of Biblical revelation. It always will as long it embraces a
works salvation and refuses to accept the power of God to save
completely and
perfectly through the cross of Christ.