16. Using the facts in the previous question (Q#15), what is the journal entry the hospital must record when it receives the $760,000 from Delta Medical Group? a) Debit Cash $760,000; Credit 3rd Party Revenue $760,000 b) Debit Cash $760,000 and Revenue Contractual Adjustments $140,000; Credit 3rd Party Receivable $900,000 c) Debit Cash $760,000 and Allowance for Doubtful Accounts $140,000; Credit 3rd Party Receivable $900,000 d) Debit Cash $760,000 and Allowance for Contractual Adjustments $140,000; Credit 3rd Party Receivable $900,000 e) Debit Cash $760,000; Credit 3rd Party Receivable $760,000