Dogra Ltd. had an authorised capital of Rs. 1,00,00,000 divided into Equity Shares of Rs. 100 each. The company offered 84,000 shares to the public at premium.
The amount was payable as follow:
`{:("On Application",-,"Rs. 30 per share,"),("On Allotment",-,"Rs. 40 per share (Including premium),"),("On First and Final Call",-,"Rs. 50 per share."):}`
Application were received for 80,000 shares.
All sums were duly received except the following:
Lakhan, a holder of 200 shares did not pay allotment and call money.
Paras, a holder of 400 shares did not pay call money.
The company, forfeited the shares of Lakhan and Paras. Subsequently , the forfeited shares were reissued for Rs. 80 per share as fully paid-up. Show the entries for the above transactions in the Cash Book and Journal of the company.

Answer

Capital Reserve-Rs. 14,000; Balance of Cash Book-Rs. 96,10,000.