A limited invited application for 100000 …

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A limited invited application for 100000 equity shares of Rs. 10. On application Rs. 4, on allotmentRs. 3, on first callRs. 2, on final call Rs. 1. All payments due on application allotment and calls have been received with the following excemptions. X the holder of 1000 shares failed to pay allotment and callmoney. Y the holder of 500 shares failed to pay the amount due on first and final call. Z holder of 300 shares failed to pay final call. The shares of the all the above defaulters were forfeited subsequently reissued at a discount of 10% pass journal entries
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