Byrde Company purchased a truck. The seller asked for $12,400, but Byrde paid only $11,400 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $16,400. What amount does Byrde record on its financial statements for the truck? Snell Company performs services for a client in May and bills the client $2,400. In June, Snell receives a partial payment of $1,000 cash. In July, the remaining $1,400 cash is received. Determine the monthly revenue recorded in May, June, and July applying revenue recognition principle.Byrde Company purchased a truck. The seller asked for $12,400, but Byrde paid only $11,400 after negotiation. The owner of Byrde Company believes he got a great