Requirement: Please complete the journal entries

Problem 3: Note Receivable Journal Entries 15 points On December 31, 2016, Winter Company finished consultation services and accepted in exchange a promissory note with a face value of $400,000, a due date of December 31, 2019, and a stated rate of 4%, with interest received at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of The following interest factors are provided: nterest Rate Show your calculations here: Table Factors For Three Periods Future Value of 1 Present Value of T Future Value of Ordinary Annuity of 1 Present Value of Ordinary Annuity of1 4% 1.12486 0.889 3.1216 2.77509 6% 1.19102 0.83962 3.1836 2.67301 Prepare the journal entries for Winter Company for the following transactions: On the date the note is accepted On the dates interest is received On the date the note with final interest is received December 31, 2016; Debit Credit