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Question 18 (2 points) Saved Listen 18. City General Hospital is a not-for-profit entity. The hospital received $510,000 from United Medical Group, a health insurance

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Question 18 (2 points) Saved Listen 18. City General Hospital is a not-for-profit entity. The hospital received $510,000 from United Medical Group, a health insurance company (third-party payer) that provides capitation-type insurance coverage. The hospital provided services to United's policyholders for which it would have billed, at standard rates, $600,000. What journal entry(ies) should the hospital record? a) Debit Cash $510,000; Credit Capitation Fee Revenue $510,000 b) Debit Cash $510,000 and Bad Debt Expense $90,000; Credit Capitation Fee Revenue $600,000 c) Debit Capitation Fee Receivable $600,000; Credit Capitation Fee Revenue $600,000 AND Debit Cash $510,000; Credit Capitation Fee Receivable $510,000 Od) No journal entry is required. e) Debit Cash $510,000 and Revenue-Contractual Adjustments $90,000; Credit Capitation Fee Revenue $600,000

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