For the past several years, ALEX CA has operated a part-time consulting business from his home. As of October 1, 2010, Alex decided to move to rented quarters and to operate the business, which was to be known as ATAHA Consulting, on a full-time basis. ATAHA Consulting entered into the following transactions during October:
Oct. 1. The following assets were received from ALEX CA: cash, $18,000 accounts receivable, $5,000 supplies, $1,500; and office equipment, $10,750. There were no liabilities received.
