Cheap travel borrowed $50,000 on September 1, 2018, by signing a one-year note payable to Avenue One Bank. Cheap's interest expense on the note payable for the remainder of the fiscal year (September through November) is $1,025.

Record the adjusting entry to accrue interest expense at November 30, 2018.

Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment.