Sale of Treasury Stock:   In January 2021, ABC Co. purchased 2,000 shares of its stock at $20.00 per share. Throughout 2021 they have been selling the shares of Treasury Stock back to the public; they have 400 shares remaining. The PIC- Treasury Stock has a a credit balance of $3000. On 12 /2021, ABC Co. sells the remaining 400 shares at $10.00 per share.   Required: Record the Journal Entry for the sale of the remaining 400 shares of Treasury stock @ $10.00 per share

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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.