It is January 1, 2019. Smile Corp is reviewing their A/R and has given a customer two choices to repay their overdue A/R balance. (1) The customer could pay in four semi-annual installments of $10,000 starting June 30, 2019. (2) The customer could pay $42,340 in 2 years. Either way, the A/R would be considered a note receivable. An interest rate of 8% (i.e. 4% semi-annually) would be appropriate for this customer, considering the risk of default. Required: For each option, record all journal entries required for 2019