#16 the fee is 60$ that night. please make a t chart.

Let's Dance Comeration Trameactions 1. On December 1, you and your friends invest $300,000 inde the cumpany it eschange for Let's Dance consmon stock. 2. On December 12, you and your friends buy a beilding with an expected life of 40 years for 5180,000 . Your company uses straight-line depreciation. 3. On December 1', you asd your triends purchase 572.000 worth of dance equipencnt on account from Dancer's Unlimited. The equipment has an expected life of 12 years. 4. On December I2, you and your friends purchase prepaid insurance for a year for $1,200. 5. On December 1", you and your triends borrow 5120,000 trem the bank. The loan is due 1 year fiams now and carries an interest rate of 6 percent. 6. On December 3nt, Let's Dance opens for businese' On that day 100 people show up and pay the $50 admission fee to dance an your spectacular floor! 7. On December 5n, you realize that you need sorne office sapplies, therefore, you go out and purchase $500 worth of supplies on account from the bocal affice seperstore. 8. On December 7a, you hire Whitney to give private dance lessons to your patrons. Two of your patrons pay 5400 each in advance for lessens to be gived on December 12. 9. On December 12th. Whitney gives private dance kessons to one of the patrons that paid in atvance. The other patron is umable io attend and reschedules his datce kesson for January 12, next year. You owe Whitney $100 for giving the lesson. 10. On December 15 500 people show up to dance on that spectaculat floot. The admission fee is $40 per person. 100 of them ask to put the $40 on their account. 11. On December 18th, you pay Whitney's salary of 5100 . 12. December 201t is -Senior Citizens Day. " Seniors get to dance en your spectacular floor for enly $30.400 seniors attend that day and pay cash. 13. On that same day (December 20th ) several seriiots got iato a brawl and were injured. Police had to be called. Twenty-five seniors were arresed \& Let's Dance was fined 52.000 for their handling of the situation. You paid the finc that day. 14. On December 23nd, you decide to start advettiaing since the seniors gave Let 's Dance a bad reputation. Therefore, you prepay 51,000 for adverticing for 2 months. 15. On December 25th, you notice that you have $75,000 siting aroand, therefore, you pick up your cell pbone and call Investments Bling LLC and invest $25,000 in short-term investments and pay off $50,000 of your accoatts payable from Dancer's Ualimired. 16. On December 30tit.,1,000 people show to dunce on your floce. The fee if All pay cash! Need Help? Let's Dance Comeration Trameactions 1. On December 1, you and your friends invest $300,000 inde the cumpany it eschange for Let's Dance consmon stock. 2. On December 12, you and your friends buy a beilding with an expected life of 40 years for 5180,000 . Your company uses straight-line depreciation. 3. On December 1', you asd your triends purchase 572.000 worth of dance equipencnt on account from Dancer's Unlimited. The equipment has an expected life of 12 years. 4. On December I2, you and your friends purchase prepaid insurance for a year for $1,200. 5. On December 1", you and your triends borrow 5120,000 trem the bank. The loan is due 1 year fiams now and carries an interest rate of 6 percent. 6. On December 3nt, Let's Dance opens for businese' On that day 100 people show up and pay the $50 admission fee to dance an your spectacular floor! 7. On December 5n, you realize that you need sorne office sapplies, therefore, you go out and purchase $500 worth of supplies on account from the bocal affice seperstore. 8. On December 7a, you hire Whitney to give private dance lessons to your patrons. Two of your patrons pay 5400 each in advance for lessens to be gived on December 12. 9. On December 12th. Whitney gives private dance kessons to one of the patrons that paid in atvance. The other patron is umable io attend and reschedules his datce kesson for January 12, next year. You owe Whitney $100 for giving the lesson. 10. On December 15 500 people show up to dance on that spectaculat floot. The admission fee is $40 per person. 100 of them ask to put the $40 on their account. 11. On December 18th, you pay Whitney's salary of 5100 . 12. December 201t is -Senior Citizens Day. " Seniors get to dance en your spectacular floor for enly $30.400 seniors attend that day and pay cash. 13. On that same day (December 20th ) several seriiots got iato a brawl and were injured. Police had to be called. Twenty-five seniors were arresed \& Let's Dance was fined 52.000 for their handling of the situation. You paid the finc that day. 14. On December 23nd, you decide to start advettiaing since the seniors gave Let 's Dance a bad reputation. Therefore, you prepay 51,000 for adverticing for 2 months. 15. On December 25th, you notice that you have $75,000 siting aroand, therefore, you pick up your cell pbone and call Investments Bling LLC and invest $25,000 in short-term investments and pay off $50,000 of your accoatts payable from Dancer's Ualimired. 16. On December 30tit.,1,000 people show to dunce on your floce. The fee if All pay cash! Need Help