Short Answer
The closing entry that would be made at the yearend transferring the interest expense of $50 on a note is: 
Definitions:
Related Questions
Q24: Indicate the letter of where each of
Q26: Which of the following would not be
Q31: Which of the following attributes of internal
Q40: Extraordinary repairs are recorded with a debit
Q44: A company purchases 400 shares of its
Q56: Effective internal control requires a department to
Q59: The matching rule<br>A) results in the recording
Q96: Equipment costing $30,000 with a residual value
Q188: Stonehurst Corporation is authorized to issue 100,000
Q227: The following machines were purchased during 2010