6 6 points Skipped Exercise 1-8 (Algo) Applying measurement principle and revenue recognition principle LO C2 a. Byrde Company purchased a truck. The seller asked for $15,000, but Byrde paid only $14,000 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $19,000. What amount does Byrde record on its financial statements for the truck? b. Snell Company performs and completes services for a client in May and bills the client $5,000. In June, the client makes a partial payment of $2,300 cash for the services. In July, the remaining $2,700 cash is paid. Determine the monthly revenue recorded in May, June, and July for this service. Complete this question by entering your answers in the tabs below. Print Required A Required B References Snell Company performs and completes services for a client in May and bills the client $5,000. In June, the client makes a partial payment of $2,300 cash for the services. In July, the remaining $2,700 cash is paid. Determine the monthly revenue recorded in May, June, and July for this service. Note: Leave no cells blank - be certain to enter "0" wherever required. Revenue May June July < Required A Required B Show less