Exercise 16.6 (Static) Recording receipt of a note receivable and subsequent discounting of the note. LO 16-7 On June 3, 20X1, Georgia State Company received a $10,400, 45-day, 10 percent note from Sampson Byrd, a customer whose account was past due. The note was discounted on June 18, 20x1 at the Georgia State Bank and Trust. The bank charged a discount rate of 12%. Required: 1. Prepare the journal entries regarding this note. (Use 360 days a year. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet