DEF Corporation provided services to customers on credit totaling $50,000. The services were performed evenly throughout the month. By the end of the month, $30,000 of the services had been collected in cash. Requirements: a. Record the provision of services by DEF Corporation. b. Prepare the journal entry to record the cash collection for services provided. c. Determine the accounts receivable balance at the end of the month. d. Calculate the revenue recognized for the month. e. Analyze the impact of credit sales on the income statement and balance sheet.