On May 3, Stormedia purchased $55,000 of merchandise to resell, terms 2/15, n/30, from Analytics Company. Assume that Stormedia uses the perpetual inventory system Question 2: a What account is debited on May 3 when the merchandise is purchased? b On May 10, Stormedia returned $5,000 of the merchandise purchased. What account is debited on May 10 for the return? (1) (2) How much does Stormedia owe Analytics Company AFTER the return (what's the balance in the account payable to Analytics Company?) Stormedia pays the balance due on May 16: how much is paid to Analytics