Gomes Company uses special journals and a general journal. The following transactions occurred during September 2022 Sept Sold merchandise on account to H. Drew, invoice no. 101, 5620, terms n/30 The cost of the merchandise sold was $420. 2 10 Purchased merchandise on account from A. Pagan 5650 terms 2/10, n/30 12 Purchased office equipment on account from R. Cairo $6,500. 21 Sold merchandise on account to G. Holliday, invoice no, 102 for 5800, terms 2/10, n/30. The cost of the merchandise sold was $480. 25 Purchased merchandise on account from D. Downs $860 terms n/30 27 Sold merchandise to S.Miller for 5700 cash. The cost of the marchandise scd was $400 (a) Prepare a sales journal and record the transactions for september that stoc de journalized Record entries in the order presented in the problem statement) GOMES COMPANY Sales Journal S1 Account Debited Accounts Receivable Dr. Sales Revenue C. Cost of Goods Sold Dr. Inventory Cr Date Ref. 2022 Attempts: 0 of 5 used Submit Answer Sept 2 Sept 21 Save for Later H. Drew C. Holliday ✓ Last saved 3 minutes ago. Invoice No. 101 102

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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.