Consider the following situations:

Required:

For each situation, determine the date for which the company recognizes the revenue under accrual-basis accounting.

\begin{tabular}{|l|l|} \hline 1. & AmericanAirlinesoperatesaflightfromDallastoLosAngelesonAugust16.ThepilotssalariesassociatedwiththeflightarepaidonSeptember2. \\ \hline 2. & EddieBauerpayscashonJanuary6topurchasesunglassesfromawholesaledistributor.ThesunglassesaresoldtocustomersonJanuary27. \\ \hline 3. & OnJanuary1,PizzaHutpaysforaone-yearpropertyinsurancepolicywithcoveragestartingimmediately. \\ \hline 4. & SportsIllustratedsignsanagreementwithCBSonJanuary12toprovidetelevisionadvertisementsduringtheSuperBowl.Paymentisduewithin3weeksafterFebruary4,thedayoftheSuperBowl.SportsIllustratedmakesthepaymentonFebruary23. \end{tabular}