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 sale? Jounale NIKE S Sale UI LITE sportiniy yoous. The Journal Enly TOI NIKE S COST DI youus SOIU WIII De I le next step. (Recoru Uevis III St, uien creuils. Caciuue explanations from journal entries.) Journal Entry Date Debit Credit Accounts Accounts Receivable Apr 10 300,000 Sales Revenue 300,000 Next, journalize Nike's cost of goods sold. Journal Entry Date Accounts Debit Credit Apr 10