Which journal entry is correct for the following: bills are submitted to insurance companies in the amount of $90,000 for services rendered to patients?
a) Debit Accounts Receivable $90,000; Credit Insurance Revenue $90,000
b) Debit Cash $90,000; Credit Accounts Receivable $90,000
c) Debit Insurance Revenue $90,000; Credit Accounts Receivable $90,000
d) Debit Accounts Receivable $90,000; Credit Cash $90,000