Owner. C al d. Fecs Eamed 46. Accounts are classified in the ledger 2. chronologically b. alphabetically c. in accordance with their appearance in the financial statements d. with the accounts used most often listed first 47. Which of the following entries records the acquisition of office supplies on account? a. Office Supplies, debit; Cash, credit b. Cash, debit; Office Supplies, credit c. Office Supplies, debit; Accounts Payable, credit d. Accounts Receivable, debit; Office Supplies, credit 48. Current assets and current liabilities for Brayden Company are as follows: Current assets Current liabilities 2049 S498,600 269,300 2018 $532.400 301,500 What conclusions can be drawn regarding Brayden's ability to meet its financial obligations? a. The current ratio has worsened, and the working capital has decreased. b. The current ratio has improved, and the working capital has increased e. The current ratio has improved, while the working capital has decreased. d. The current ratio has worsened, but the working capital has increased. 49. Which of the following accounts would be increased with a credit? a. Land; Accounts Payable; Drawing b. Accounts Payable; Uneamed Revenue; Collins, Capital c. Collins, Capital; Accounts Receivable; Uneamed Revenue d. Cash; Accounts Receivable; Collins, Capital 50. Revenues are reported when a, a contract is signed b. cash is received from the customer c. work is begun on the job d. work is completed on the job 51. Randomly listed below are the steps for preparing a trial balance: (1) Verify that the total of the Debit column equals the total of the Credit column. List the accounts from the ledger and enter their debit or credit balance in the Debitor Credit column of the trial balance. (3) List the name of the company, the title of the trial balance, and the date the trial balance