Alok Ltd. For forfeited 300 share …

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Alok Ltd. For forfeited 300 share of $10 each, fully called up, held by ram for non -payment of allotment money of $3per share and final call money of $4per share .out of these shares 250 were re-issued to shyam fir a total payment of $2000.give journal entries for forfeiture and re-issue.
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