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On June 3 , 2 0 X 1 , Georgia State Company received a $ 1 0 , 4 0 0 , 4 5 -

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.

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