(Solution) - Randy s Rentals reported the following on its year end balance sheets Randy s -(2025 Original AI-Free Solution)

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Randy's Rentals reported the following on its year-end balance sheets:

Randy's rents space to a number of tenants, all of whom pay their monthly rent on the 10th of the following month. Randy's reported rent revenue for 2016 of $64,200.
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How much cash did Randy's collect from its tenants during 2016? Explain your answer.