Consider the following situations:
1. Sysco Foods pays cash on April 1 to purchase food packages from a wholesale distributor. The packages are sold to customers on May 2.
2. Carnival Cruise operates a cruise from Miami to Cancun on November 21. The crew's salaries associated with the cruise are paid on December 7.
3. Business Week signs an agreement with CNN on October 15 to provide television advertisements during the upcoming November 4 elections. Business Week makes the payment on November 12.
4. On March 1, Subway pays for rent for the next six months with usage starting immediately.
Required:
For each situation, determine the date for which the company recognizes the expense under accrual-basis-accounting.