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Geneva Co. reports the following information for July: Calculate the contribution margin for July.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.
Post-closing Trial Balance
A list of all balances remaining in an organization's accounts after the closing entries have been made, serving as a check to ensure that debits equal credits.
Post-closing Trial Balance
A financial statement prepared after closing entries are made, listing only the balance sheet accounts with non-zero balances.
Ledger
A principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.
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