Exercise 16.7 (Static) Recording payment of a discounted note receivable. 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 percent Required: Prepare the entry required by Georgia State when Sampson Byrd paid the discounted note on the maturity date View transaction lit Journal entry worksheet 11 1 Record entry for Sampson Byrd note discounted. General Journal Debit Credit y 1820X1