ACCT 201 Case Fall 2017 Page 10 On May 3, 2017, Big Data purchased $77,000 of merchandise to resell. terms 4/15, n/30, from Analytics Company. Assume that Big Data uses the perpetual inventory system. Question 11: a What account is debited on May 3 when the merchandise is purchased? How much is debited to the account indicated in (a) above? On May 10, Big Data returned $6,000 of the merchandise purchased b c on May 3 (1) What account is credited on May 10 for the return? (2) How much does Big Data owe to Honest Company AFTER the return (ie., what is the balance in the account payable to Analytics Company?) If Big Data pays the balance due on May 16, how much did Big Data pay to Analytics Company -d On May 28, Big Data sells all of this merchandise to the DataBase Company for $147,000 on account. Prepare the journal entry or entries to record this transaction on the books of Big Data Company e Ref Debit Credit Date Account Titles