ACC211 Merchandising Demonstration Problem The transactions listed below took place for S\&V Office Supply Company, Inc., which uses a perpetual inventory system. Using the journal pages provided, record the journal entries, for the listed transactions, first for the purchase transactions and then for the sales transactions. After journalizing, post the transactions, complete the trial balance, and the finandial statements. Questions: a. In the discount terms above- 2/10,n/30, what does the 2 represent