Consider the following situations: Required: For each situation, determine the date for which the company recognizes the expense under accrual-basis accounting. 1 American Airlines operates a flight from Dallas to Los Angeles on August 16. The pilots' salaries associated with the fight are paid on September 2. 2 Eddie Bauer pays cash on January 6 to purchase sunglasses from a wholesale distributor. The sunglasses are sold to customers on January 27 On January 1, Pizza Hut pays for a one-year property insurance policy with coverage starting immediately Sports Illustrated signs an agreement with CBS on January 12 to provide television advertisements 4. during the Super Bowl Payment is due within 3 weeks after February 4, the day of the Super Bowl Sports Illustrated makes the payment on February 23 January 1 January 6 January 27 February 4 Consider the following situations: For each situation, determine the date for which the company recognizes the expense using cash-basis accounting. 1 American Airlines operates a flight from Dallas to Los Angeles on August 16. The pilots' salaries associated with the flight are paid on September 2 2 Eddie Bauer pays cash on January 6 to purchase sunglasses from a wholesale distributor. The sunglasses are sold to customers on January 27 3 On January 1, Pizza Hut pays for a one-year property insurance policy with coverage starting immediately Sports Illustrated signs an agreement with CBS on January 12 to provide television advertisements 4. during the Super Bowl. Payment is due within 3 weeks after February 4, the day of the Super Bowl Sports Illustrated makes the payment on February 23 January 1 January 6 January 12 January 27