A Co. Ltd. offered to the public 20,000 equity shares of Rs. 100 each at a premium of Rs. 10 per share. The payment was to be as follows :
`{:("On Application","Rs. 30 per share"),("On Allotment","Rs. 30 per share (including premium)"),("On First Call","Rs. 25 per share"),("On Second & Final Call","Rs. 25 per share"):}`
Applications were received for 35,000 shares. Applications for 10,000 shares were rejected. Applicats for 15,000 shares were allotted 10,000 shares and remaining applications were accepted in full. The Directors made both the calls. One shareholder holding 500 shares failed to pay the two calls and as a consequence his shares were forfeited 200 of these shares were re-issued as fully paid at Rs. 80 per share. Expenses of issue came to Rs. 10,000. Prepare Cash Book and Journal on the basis of information given above.