Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:

1. Andrea invested $13,900 cash in the business.
2. Andrea contributed $24,000 of photography equipment to the business.
3. The company paid $2,500 cash for an insurance policy covering the next 24 months.
4. The company received $6,100 cash for services provided during January.
5. The company purchased $6,600 of office equipment on credit.
6. The company provided $3,150 of services to customers on account.
7. The company paid cash of $1,900 for monthly rent.
8. The company paid $3,500 on the office equipment purchased in transaction #5 above.
9. Paid $315 cash for January utilities.

Based on this information, the balance in the A. Apple, Capital account reported on the Statement of Owner's Equity at the end of the month would be:

$44,935

Explanation:

Apple Photography's capital account should include:

cash invested ($13,900) + photography equipment ($24,000) + sales revenue ($6,100 cash + $3,150 on account) - insurance policy ($2,500) - rent ($1,900) - utilities ($315) = $44,925

Office equipment purchased on credit and the partial payment of the debt are not included in the calculation of the capital account.

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.