Exercise 16.8 (Static) Recording a dishonored 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 post due Georgia discounted the note on June 18, 20x1 at Georgia State Bank and Trust Sampson Byrd dishonored the note receivable discounted by Georgia State Assume the bank deducted the maturity value of the dishonored note plus a $55 service charge from Georgia State's bank account on the due date of the note Required: Prepare the entries in general journal form that Georgia State Company would make (Use 360 days a year.) View transactions Journal entry worksheet > Record entry for dishonor of Sampson Byrd discounted note. Date 120X1 General Journal Debit Credit