QUESTION TWo The following information relates to the business of Top End Enterprise for the month of May 2019: Balances at May 1, 2019 85 600 Dr. 3 000 Dr. 3 800 Cr. 66 B00 Cr. Accounts Receivable Ledger Accounts Payable Ledger Totals for the month of May 2019 Sales Journal 451 600 326 000 13 400 Purchases Journal Sales Returns Journal Purchases Returns Journal Cash and cheques paid to credit suppliers Cash and cheques received from credit customers Customers cheques dishonoured Bad debts written off Balances in Accounts Receivable Ledger transferred to the 11 000 283 200 362 800 8 400 6 000 10 000 Accounts Payable Ledger 7 200 Cash refunded by suppliers Discounts Received 18 800 13 600 Discounts Allowed Balances at May 31, 2019 Accounts Receivable Ledger ccounts Payable Ledger 1 000 Cr. 137 000 Dr. 74 000 Cr. u are required to: State TWO benefits of preparing Control Accounts Prepare the Accounts Receivabie Ledger Control Account Prepare the Accounts Payable Ledger Control Account Calculate the net amount owed by credit customers on 31 May 2019 Explain ONE possible reason why the Accounts Receivable Ledger Control Account had both a debit and a credit balance

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 t…