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Timeless Ltd produces clocks and sells them with a one-year warranty. The warranty provision account currently has a debit balance of $4 000. The estimated

Timeless Ltd produces clocks and sells them with a one-year warranty. The warranty provision account currently has a debit balance of $4 000. The estimated cost of repairing clocks that have already been sold is $18 000. The adjustment needed to update the warranty provision account is: O Debit $18 000. O Credit $18 000. O Debit $22 000. O Credit $22 000. Multi Que Accou Que Accou Que
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Timeless Ltd produces clocks and sells them with a one-year warranty. The warranty provision account currently has a debit balance of $4000. The estimated cost of repairing clocks that have already been sold is $18000. The adjustment needed to update the warranty provision account is: Debit $18000. Credit $18000. Deblt $22000. Credit $22000

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