Notes Receivable On January 1, 2013, Crouser Company sold land to Chad Company, accepting a 2-year, $150,000 non-interest-bearing note due January 1, 2015. The fair value of the land was $123,966.90 on the date of sale. The company purchased the land for $120,000 on January 1, 2007. Is the amount Notes Receivable On January 1, 2013, Crouser Company sold land to Chad Company, accepting a 2-year, $150,000 non-interest-bearing note due January 1, 2015. The fair value of the land was $123,966.90 on the date of sale. The company purchased the land for $120,000 on January 1, 2007. What is the amount on the Discount on Notes Receivable journal entry for 2013 and 2014? Is the difference in amounts on the Discount on Notes Receivable for 2013 and 2014?