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1. Draw a graphic representation of Sales and Collection Cycle for Flanco LLC showing/using all the relevant accounts/transaction entries listed below: a. Sales b. Cash

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1. Draw a graphic representation of Sales and Collection Cycle for Flanco LLC showing/using all the relevant accounts/transaction entries listed below: a. Sales b. Cash in bank C. Cash Discounts Taken d. Accounts Receivable e. Sales return and Allowances f. Bad debt expense You graph representation should show all the relevant T-Accounts with book-keeping entries relating to: 1. Rasheed LLC - a cash-paying customer who has purchased goods for AED 10,000 on 13th January 2020 II. Saif Company - Credit facility customer who has purchased goods for AED 20,000 on 15th January 2020 and paid in full by 15th March 2020 (the due date) You graph representation should, show all the relevant T-Accounts with book-keeping entries relating to: 1. Rasheed LLC - a cash-paying customer who has purchased goods for AED 10,000 on 13th January 2020 II. Saif Company - Credit facility customer who has purchased goods for AED 20,000 on 15th January 2020 and paid in full by 15th March 2020 (the due date) III. Rasheed LLC returns some faulty goods back to Flanco AED 2,000 15th January 2020-a cheque for reimbursement was sent to Tandy the same day NOTE: You MUST show all relevant T-Accounts even if they are empty - See example of T-Accounts in appendix at the end of this assignment 1:29 PM

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