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Record the following transaction. Every answer box requires a response. Catlyn Company had the following transaction in August. Catlyn Company prepares monthly financial statements. Catlyn Company buys a truck for $26,000. Catlyn Company pays $2,000 as a down payment and borrows the rest on a note (Hint- need 3 accounts here) Account abbreviations Asset choices Liability choices X No account needed X No account needed AR Accounts receivable IP Interest payable Sup Supplies WP Wage payable PrRent Prepaid rent RP Rent payable Prins Prepaid Ins UP Utilities payable PPE Property, plant equip. UR Unearned revenue NP Note payable Assets Liabilities Equity Account: Cash PPE V Account UP v Contributed Retained Payable Capital Earnings Amount: -2000 V -24000 v -2000 v -24000 0 V 0 V