Nike uses the perpetual inventory system and sells $300,000 of sporting goods to The Bay under credit terms of 1/10, net 30 on April 10, 2020 Nike's cost of the goods is $210,000, and it receives the appropriate amount of cash from The Bay on April 20, 2020 Journalize Nike's transactions on April 10, 2020, and April 20, 2020. How much gross margin did Nike earn on this salo? Date Accounts Debit Credit Apr 10 Cost of Goods Sold 210,000 Inventory 210,000 Finally, joumalize Nike's cash receipt. (Round your answers to the nearest whole dollar) Journal Entry Date Accounts Debit Credit Apr 20 Cash 297.000 Sales Discounts 3,000 Accounts Receivable 300,000 How much gross margin did Nike eam on this sale? Nike earned Dross margin on this sale