Consider the following situations: Required: For each situation, determine the date for which the company recognizes revenue using cash-basis accounting. American Airlines collects cash on June 12 from the sale of a ticket to a customer. The flight occurs on August 16. A customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the customer on February 2. 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. A customer pays in advance for a three-month subscription to Sports Illustrated on July 1. Issues are scheduled for delivery each week from July 1 through September 30. Consider the following situations: Required: For each situation, determine the date for which the company recognizes the expense under accrual-basis accounting. 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. 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 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. Consider the following situations: Required: For each situation, determine the date for which the company recognizes the revenue under accrual-basis accounting. American Airlines collects cash on June 12 from the sale of a ticket to a customer. The flight occurs on August 16. A customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the customer on February 2. 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. A customer pays in advance for a three-month subscription to Sports Illustrated on July 1. Issues are scheduled for delivery each week from July 1 through September 30