Notes Receivable Matchbox Corporation lends money to Earnhardt Corporation on July 1, 2019, and accepts a nine-month, 10% promissory noteote receivable from Earnhardt for $48,000. Matchbox's year-end is December 31, 2019. All interest is due/payable at the time the note matures, April 1, 2020. 1. What is the appropriate journal entry Matchbox Corporation will record on July 1, 2019? Notes Receivable 48,000 Cash 48,000 2. What is the appropriate journal entry Matchbox Corporation needs to record on December 31, 2019? Assume no adjusting entries have been made since the original entry to record the note on July 1, 2019. 3. What is the appropriate journal entry that Matchbox Corporation will make when the note matures on April 1, 2020