As payment for services rendered, the company received an 18-month note on January 1. The face amount of the note is $3,000, and the stated rate of interest is 9%, compounded annually. The 9% rate is equal to the market rate. The full amount of the note, including accrued interest, will be received at the end of the 18-month period. Make all journal entries necessary on the books of the recipient of the note during the 18-month life of this note. Don’t forget any necessary yearend adjusting entry.