On 1st January, 2018, Bani Ltd. issued 10,000 Equity Shares of Rs. 10 each payable as: on application Rs. 3, on allotment Rs. 3, on first and final call Rs. 4 (three months after allotment).
Applications were received for 13,000 shares and Directors made allotment in full to the applicants demanding five or more shares and returned money to the applicants for 3,000 shares. One shareholder, who was allotted 200 shares, paid first and final call with allotment money and another shareholder did not pay allotment money on his 300 shares and paid it with first and final call.
journalise the transactions in the books of Bani Ltd. including cash transactions. The company maintains Call-in-Arrears Account.

Explanation