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BBD Company pays monthly salaries for its employees on the 10th of each month. On 10 January 2021, it paid $50,000 cash for salaries between

BBD Company pays monthly salaries for its employees on the 10th of each month. On 10 January 2021, it paid $50,000 cash for salaries between 1 December 2020 and 31 December 2021. ABC Company uses the reversing entry.

Make the necessary journal entries for BBD Company.

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