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EXPENSE, Not revenue 3-2 1) AA collects cash on June 12 from the sale of a ticket to a customer. The flight occurs August 16tn

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EXPENSE, Not revenue
3-2 1) AA collects cash on June 12 from the sale of a ticket to a customer. The flight occurs August 16tn 2) Customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from customer February 2nd prepared and 3) On March 30, a customer preorders 10 supreme pizzas from Pizza Hut. The pizzas delivered April 2nd. The company receives cash at time of delivery. are 4) A customer pays in advance for a 3-month subscription to Sports Illustrated on July 1. Issues are scheduled for delivery each week from July 1 through Sept 30 -- For each situation, determine the date for which the company recognizes the expense under accrual- basis accounting 1) 2 3) 4) 41

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