5.5.1. -5.5.4 The Initial Sales On September 19, the following business transaction occurred: Sl. The first sale, $100 gift basket was paid in cash. S2. The second sale, 25 jars Italian Pesto is fully on credit. S3. The third sale, 100 lbs. Colombian coffee is partly on cash and partly on credit. Item Sale Amount Cash Received Credit Provided Change in Inventory COGS Large Gift Basket 25 Jars Italian Pesto 100 lbs. Colombian Coffee $100 $500 $400 $100 SO $150 $0 5500 5250 $40 $300 S260 $40 $300 S250 Using the Exhibits on the following pages, please do the following: D. Record journal entries for the initial sales transactions (Exhibit 4) E. Posting these journal entries to the T-accounts (Exhibit 5)