a.

Blue Co.'s records show that current and former customers owe the firm a total of $4,500; $630 of this amount has been due for more than a year from two customers who are now bankrupt.

b.

The automobile, which is still being used in the business, cost $17,100 new; a used car dealer's Blue Book shows that it is now worth $10,000. Management estimates that the car has been used for one-third of its total potential use.

c.

The land cost Blue Co. $13,000; it was recently assessed for real estate tax purposes at a value of $17,000 .

d.

Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note.

e.

Since Blue Co. was formed, net income has totaled $34,000, and dividends to stockholders have totaled $20,250.

Blue Co., Inc.
Balance Sheet
October 31, 2013
Assets			Liabilities and Stockholders Equity
Cash		$750	Note payable	$
Accounts receivable		3,870	Accounts payable	3,550
Land		13,000	Total liabilities
Automobile	17,100
Less: Accumulated Depreciation			Stockholders Equity
			Common stock	5,200
			Retained earnings	13,750
			Total stockholders equity	18,950
Total assets		$	Total liabilities and stockholders equity	$

wrong answers are below and I removed them from the top for new potential inputs