On 1 January 2014 ABC Ltd Sold Goods to ZZZ

On 1 January 2014 ABC Ltd sold goods to ZZZ Pty Ltd for a total price of $1 000. Under the terms of the sale ZZZ is able to return the goods within five days of delivery. On 3 January 2014 ZZZ returned 30% of the goods.
ABC would recognise revenue as follows:

A) $1 000 to be recorded as revenue on 1 January 2014
B) $700 to be recorded as revenue on 3 January 2014
C) $700 to be recorded as revenue on 5 January 2014
D) None of the above