The Closing Entry That Would Be Made at the Yearend $\begin{array}{l}\text { Interest Expense } & 50\\\text { Notes pavable }&&50\end{array}$

The closing entry that would be made at the yearend transferring the interest expense of $50 on a note is:

A)
$\begin{array}{l}\text { Interest Expense } & 50\\\text { Notes pavable }&&50\end{array}$

B)
$\begin{array}{l}\text { Interest Expense } & 50\\\text { Income Summary }&&50 \end{array}$

C)
$\begin{array}{l}\text { Income Summary } & 50\\\text { Interest Expense}&&50 \end{array}$

D)
$\begin{array}{l}\text {Notes pavable } & 50\\\text { Interest Expense}&&50 \end{array}$