Enter the information below in their respective journals {day books}, then post the items to the relevant accounts in the ledgers. 2010 June 1 Credit purchase from R. Davis, $109 June 2 Credit sales to: R. Singh, $388; X. Pulloch, $130; R. Lopez, $188 June 4 Credit purchases from the following: X. Scott, $208; V. Samuel, $204; P. Williams, $250 June 5 Credit sales to: M. Rosein, $234; P. Thompson, $228; J. Flyn, $177 June 7 Goods returned by us to the following: R. Davis, $46; X. Scott, $37 June 10 Goods returned to us by R. Singh, $34; R. Lopez, $17 June 10 Credit purchase from V. Samuel, $79 June 18 Credit purchases from the following: R. White, $289; H. Willer, $296; K. Lewis, $209 June 20 Credit sales to K. Burrows, $797 June 24 Goods returned to us by P. Thompson, $18 June 24 Goods returned by us to the following persons; V. Samuel, $24 June 25 Credit sales to W. Parkinson, $390

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.