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 past 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 transaction list Journal entry worksheet