A2. (LO.2) For each of the business events listed in the following table, (1) identify the business process for the event in a process-based approach and (2) identify the traditional accounting cycle(s) for the event. For nonaccounting events, write "not applicable." Business Event 1. Ship goods to credit customer 2. Pay hourly employees for the week 3. Sell goods for cash 4. Order a new factory machine 5. Receive raw materials from vendor 6. Receive payment from credit customer 7. Take out a loan to pay for new factory machine 8. Pay a dividend to shareholders 9. Manufacture a product 10. Write off an uncollectible account 11. Issue new common stock Business Process Approach Sales and collection Traditional Accounting Cycle(s) Revenue/accounts receivable Customer First Name Customer Last Name Amount ng table, (1) identify the business process for the event in a process-based approach for the event. For non-accounting events, use "not applicable" where necessary." Business Process Approach Sales and collection Traditional Accounting Cycle(s) Revenue/accounts receivable machine Acquisition and payment Conversion Sales and collection ess for the event in a process-based approach ts, use "not applicable" where necessary." Traditional Accounting Cycle(s) Revenue/accounts receivable Accounts receivable Financing Expenditures/Accounts payable N.A Payroll Production/cost accounting Revenue/accounts receivable Revenue