a. Byrde Company purchased a truck. The seller asked for $11,600, but Byrde paid only $10,600 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $15,600. What amount does Byrde record on its financial statements for the truck? b. Snell Company performs services for a client in May and bills the client $1,600. In June, Snell receives a partial payment of $600 cash. In July, the remaining $1,000 cash is received. Determine the monthly revenue recorded in May, June, and July applying revenue recognition principle. Complete this question by entering your answers in the tabs below. Required A Required B Byrde Company purchased a truck. The seller asked for $11,600, but Byrde paid only $10,600 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $15,600. What amount does Byrde record on its financial statements for the truck? Financial statement amount < Required A Required B >