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W ltd. Issued10,000 shares of 100 …

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W ltd. Issued10,000 shares of 100 each .during the year only Rs80 were called payable as follow On application. Rs 25 On allotment Rs 20 On 1call Rs 20 On 2and final call. Rs 15 Amount were received as follow On 8000 share the full amt called On 1,200 shares Rs 65 per share On 500 shares Rs 45 per share On 300 shares Rs 25 per share The director forfeited those shares on which less than Rs 65 per share were received .show entries in the cash book and journal and show the share capital in the balance sheet.
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