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Consider the following situations: Required: For each situation, determine the date for which the company recognizes the revenue under accrual-basis accounting. 1. American Airlines collects

Consider the following situations:

Required:

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

1. American Airlines collects cash on June 12 from the sale of a ticket to a customer. The flight occurs on August 16.
2. A customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the customer on February 2.
3. On March 30, a customer preorders 10 supreme pizzas (without onions) from Pizza Hut for a birthday party. The pizzas are prepared and delivered on April 2. The company receives cash at the time of delivery.

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