You’re recalling correctly. Joey has to agree to be the building manager’s dance partner in order to keep him from snitching. My wife watches Friends on repeat so it’s burned into my memory from proximity.
As for Joey and Chandler, Chandler has a well paying job that nobody can quite explain as a running gag. He’s not a “transpondster”, at a minimum.
According to famously honest world leader Vladimir Putin…
Sureeee