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.

Prepare all the journal entries on Crouser's books for January 1, 2013, through January 1, 2015, in regard to the Chad note. If required, round your answers to the nearest cent. For compound entries, if an amount box does not require an entry, leave it blank.

2013	Notes receivable	$?????
Jan 1	gain on sale of land		$?????
	discount on notes receivable		$?????
	land		$?????
Dec 31	discount on notes receivable	$?????
	interest income		$?????
2014	discount on notes receivable	$?????
Dec 31	interest income		$?????
2015	Cash	$?????
Jan 1	notes receivable		$?????