Aluminum, Inc. engaged in the following transactions involving its common stock during 2019:             Feb. 2              Issued 10,000 shares of $15 par value common stock                                      at $90 cash per share.             Aug. 1             Purchased back 3,000 shares of common stock at 93                                      cash per share.             Sept. 1             Resold 1,200 shares of treasury stock at $99 cash                                            per share.             Nov. 1             Exchanged remaining 1,800 shares of treasury stock                                      for a patent with a fair value of $162,000. Required: Prepare general journal entries to record these transactions

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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.