Accounting: Financial Services - BMFS-152-0LA

this is my course and i need help

Financial statements LO6 CHECK FIGURES: Profit = $50,100; Ending capital = $80,200 On January 1, 2019, Dance Training Co entered its second year of operations. Dance Training Co provides elite

personal training courses to dancers who want to work on cruise ships. On December 31, 2020, Jordan Ryan, the owner, finalized the company's records, which showed the following items.

Accounts payable......................................................... $ 10,200 Jordan Ryan, withdrawals .......................................... $50,000 Accounts receivable ....................................................

Cash ................................................................................. Choreography revenue .............................................. Dance studio equipment ............................................

24,100 Rent expense ................................................................ 18,000 20,000 Supplies ..........................................................................

3,200

Dance training revenue .............................................. 143,000 Supplies expense......................................................... 16,700 Furniture .........................................................................

Interest expense........................................................... Jordan Ryan, capital, December 31, 2019* ..........

80,100

*Hint: The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments during the year ended December 31, 2020.

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