pter 1 Homework i Saved Help S a. Byrde Company purchased a truck. The seller asked for $13,600, but Byrde paid only $12,600 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $17,600. 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 $3,600. In June, Snell receives a partial payment of $1,600 cash. In July, the remaining $2,000 cash is received. Determine the monthly revenue recorded in May, June, and July applying lipped revenue recognition principle. Complete this question by entering your answers in the tabs below. Book Required A Required B Print Byrde Company purchased a truck. The seller asked for $13,600, but Byrde paid only $12,600 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $17,600. What amount does Byrde record on its financial statements for the truck? erences Financial statement amount