In 2021, Southwestern Corporation completed the treasury stock transactions listed below.   February   2:   Reacquired 74,000 shares at $12.40. March   17:   Sold 24,000 shares at $14.20. May   17:   Sold 29,000 shares at $8.20.   Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required: Prepare the journal entries to record the above transactions, using the cost method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.