Accounting for revenue

Chicky limited sells designer clothing on 1 year to pay interest free terms credit is only granted to customers after performing rigorous credit checks. cash customers are awarded a 12% cash discount. No settlement discounts are awarded for early payments.
require;
1. discuss how Chicky should account for revenue.
2. prepare journal entries to record a cash sale of $1000(list price) on 1 November 2014
3. prepare the journal entries to record revenue in respect of a $1000(list price) sale on 1 November 2014 to a credit customer who had extended credit terms and paid on 31 October 2015

please assist me