Revenue recognition on good of return basis

Dear Mike,

It is not clear the accounting treatment for good sold on return basis

Let say that a company sell $1000 goods on return basis, cost 900

Am I right to say that the accounting treatment is a follow?

When goods are sold (shipped to the customer)

Dr: Receivable 1000
Cr Sale 1000

Dr Cost of sale 900
Cr Inventory 900

At the end of the year if the customer has not confirmed to accept the goods

Dr: Sale 1000
Cr Receivable 1000

Dr Inventory 900
Cr Cost of sale 900

Thanks for your help

Gabbi