a b Question 2: On July 3, OK Appliances purchased $70,000 of merchandise to resell, terms 3/15, n/30, from Maytug Co. Assume that OK Appliances uses the perpetual inventory system. What account is debited on July 3 when the merchandise is purchased? On July 9, OK Appliances returned $10,000 of the merchandise purchased. (1) What account is debited on July 9 for the return? (2) How much does OK Appliances owe Maytug Co AFTER the return (what's the balance in the account payable to Maytug Co?) OK Appliances pays the balance due on July 17; how much is paid to Maytug Co