On December 31,2012,Washta Company made the annual payment on a long-term note.The payment included a reduction in the principal balance and payment of interest for the year.Show how this annual payment affected Washta's financial statements.

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The Answer of On December 31,2012,Washta Company made the annual payment on a long-term note.The payment included a reduction in the principal balance and payment of interest for the year.Show how this annual payment affected Washta's financial statements.

On December 31,2012,Washta Company Made the Annual Payment on a Long-Term