On 1st April, 2019, Sangita Ltd. issued 30,000 Equity Shares of Rs. 10 each at a premium of Rs. 4 per share, payable as follows:
Rs. 6 on application (including Rs. 1 premium),
Rs. 2 on allotment (including Rs. 1 premium),
Rs. 3 on first call (including Rs. 1 premium ), and
Rs. 3 on second and final call (including Rs. 1 premium).
Applications were received for 45,000 shares, of which applications for 9,000 shares were rejected and their money was refunded. Rest of the applicants were issued shares on pro rata basis and their excess money was adjusted towards allotment.
Hari, to whom 600 shares were allotted, failed to pay the allotment money and his shares were forfeited after allotment. Mohan, who applied for 1,080 shares failed to pay the two calls and on his such failure, his shares were forfeited.
1,200 forfeited shares were reissued as fully paid-up on receipt of Rs. 9 per share, the whole of Mohan's shares being included.
Prepare Cash Book and pass necessary Journal entries. Also, show share capital in the Balance Sheet of the company.

Explanation

Working Notes:
1. (a) Excess amount received from Hari on application:
600 shares were allotted to Hari
Therefore, he must have applied for `=(36,000)/(30,000)xx600=720` share
Excess application money received from Hari:
(720 shares-600 shares) `xx` Rs. 6 = 120 Shares `xx` Rs. 6 = Rs. 720.
`{:("(b) Amount due from Hari on allotment:",," Rs."),("600 shares" xx"Rs. 2",," 1,200"),("Less: Excess application money adjusted on allotment",," 720"),(" [Rs. 600 as a part of Share Capital (600"xx"Rs.1 )and balance Rs. 120 as a ",,),(" part of Securities Premium]",,),("Amount due from Hari",,""ulbar(ul(" "480))),("(c) Amount received on allotment:",,),(" Total amount due on allotment (30,000"xx"Rs. 2)",,"60,000"),(" Less: Excess application money adjusted (6,000"xx"Rs. 6)",,"36,000"),(,,bar(24,000)),(" Less: Amount not paid by Hari [WN 1(b)]",," 480"),(" Net amount received on allotment",,ulbar(ul(23,520))):}`
2. Mohan applied for 1,080 shares.
Therefore, he must have been allotted `=(30,000)/(36,000)xx1,080=900` shares
He has not paid first and second and final call money, as such
(a) First call money will be received on 29,400 shares-900 shares as Mohan = 28,500 shares.
(b) Second and final call money will be received on 29,400 shares - 900 shares of Mohan = 28,500 shares.
(b) Second and final call money will be received on 29,400 shares - 900 shares of Mohan = 28,500 shares.
3. Amount Transferred to Capital Reserve:
`{:("1,200 shares have been reissued which include 900 shares of ",,),("Mohan and the balance 300 of Hari.",," Rs. "),("(a) Amount forfeited in respect of Mohan's shares",,"5,400"),("(b) Amount forfeited in respect of Hari's shares" (Rs. 3,600xx(300)/(600)),,"1,800"),(,,bar(7,200)),(" Less: Loss on reissue of 1,200 shares @ Rs. 1 each ",,"1,200"),(" Gain on reissue to be transferred to Capital Reserve",,ulbar(ul(6,000))),(,,):}`