For each of the business events listed in the following, 

(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 non-accounting events, use "not applicable" where necessary."

Business Event Business Process Approach Traditional Accounting Cycle(s).

1. Ship goods to credit customer select the business process approach Sales and collection select a traditional accounting cycle. 

2. Pay hourly employees for the week select the business process approach select a traditional accounting cycle.

3. Sell goods for cash\ select the business process approach\ select a traditional accounting cycle\ 

4. Order a new factory machine\ select the business process approach\ select a traditional accounting cycle\ 

5. Receive raw materials from vendor\ select the business process approach\ select a traditional accounting cycle\ 

6. Receive payment from credit customer\ select the business process approach\ select a traditional accounting cycle\ 

7. Take out a loan to pay for new factory machine\ select the business process approach\ select a traditional accounting cycle\ 

8. Pay a dividend to shareholders\ select the business process approach\ select a traditional accounting cycle. 

9. Manufacture a product select the business process approach\ select a traditional accounting cycle.

10. Write off an uncollectible account select the business process approach\ select a traditional accounting cycle. 

11.  Issue new common stock select the business process approach.