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E 7-1 LO2 Recording Sales Transactions Bear Company sold merchandise on account to Mary Company for $9,000 on June 3. On June 7, Bear Company
E 7-1 LO2 Recording Sales Transactions Bear Company sold merchandise on account to Mary Company for $9,000 on June 3. On June 7, Bear Company received $850 from Mary Company. Bear Company received payment for the balance of the bill on June 21. Record the necessary journal entries for Bear Company on June 3, June 7, and June 21. What is the balance of accounts receivable from Mary Company as of June 21?
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