Rama Co. issued 50,000 shares of Rs. 10 each payable as follows :
`{:("Rs. 3 on Application,",,"Rs. 3 on Allotment"),("Rs. 2 on First Call,",,"Rs. 2 on Final Call."):}`
All the shares were subscribed and allotted. Give Journal entries and show the Share Capital in the Balance Sheet assuming that all sums have been duly received. Expenses on issue of shares amounted to Rs. 10,000.

Pawan Ltd. invited applications for 30,000 shares of Rs 10 each. Payments were to be made as follows - Rs 3 on Application , Rs 3 on Application, Rs 3 on Allotment, Rs 2 on First call and Rs 2 on Final call. All the shares were applied. You are required to prepare Journal Entries, Ledger Accounts and show the Share Capital in the Balance Sheet of the company assuming that all sums due on Allotment and Calls have been received. Share Issue expenses amounted to Rs 8,000. 4,000 fully paid shares were also issued to Promoters for their services.

Hema Ltd. invited applications for 10,000 shares of Rs. 100 each payable as follows: Rs. 20 on application, Rs. 30 on allotment, Rs. 20 on first call and the balance on final call. All the shares were applied and allotted. All the money was duly received. You are required to Journalise these transactions.

Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premium of Rs. 1 per share. Amount were payable as follows : Rs. 2.50 on Application , Rs. 4.50 on Allotment (including premium), Rs. 2 on First Call and Rs. 2 on Final Call. Applications were received for 37,000 shares. Give Journal Entries assuming that all sums have been received on due dates.

Z Ltd. was registered with an authorised capital of Rs. 60,00,000 divided in 60,000 equity shares of Rs. 100 each. Company issued 25,000 equity shares at a premium of Rs. 20 per share, payable as follows : Rs. 30 on Application, Rs. 45 on Allotment (including premium), Rs. 20 on first call and Rs. 25 on Second and Final Call. All shares were subscribed and all the money was duly recived. Share issue expanses amounted to Rs. 40,000 which were fully written off against Securities Premium. Prepare necessary Journal Entries and Bank Account in the books of the Company.

S Ltd. issued 5,000 shares of Rs. 100 each at a premium of Rs. 10 each payable as follows : {:("On Application","Rs. 30"),("On Allotment","Rs. 40 (including premium)"),("On First & Final Call","Rs. 40"):} All the shares were applied for the instalments received on due dates with the exception of the Allotment and First & Final Call on 100 shares, these shares were forefited and re-issued as fully paid @ Rs. 105 per share. Pass necessary Journal Entries in the books of the Company.

Cronic Limited issued 10,000 equity shares of Rs. 10 each payable at Rs. 2.50 on application, Rs. 3 on allotment, Rs.2 on first call, and the balance of Rs. 2.50 on second and final call. All the shares were fully subscribed and paid except of a shareholder having 100 shares who could not pay for second and final call. Give journal entries to record these transactions.

Spencer Paints Ltd. was registered with an authorised capital of Rs 50,00,000 divided in 5,00,000 equity shares of Rs 10 each. Company issued 2,00,000 equity shares at a premium of Rs 3 per share, payable as follows : Rs 4 on Application, Rs 5 on Allotment ( including premium), Rs 2 on First Call and Rs 2 on Second and Final Call. All shares were subscribed and all the money was duly received. Share issue expenses amounted to Rs 75,000 which were fully written off against Securities Premium. Prepare necessary Journal Entries and Bank Account.

Alfa Ltd. issued 5,000 shares of Rs. 100 each at par. The amount payqable was as under : Rs. 25 on application, Rs. 25 on allotment, Rs. 20 on first call, and Rs. 30 on final call. The company did not make final call. X, a holder of 100 shares, failed to pay allotment and first call money. Directors forfeited his shares and immediately re-issued the forfeited shares at Rs. 6,500. Pass Journal entries in the books of the company and show the Share Capital in the Balance Sheet.

Dinesh Ltd., invited applications for issuing 10,000 Equity shares of Rs. 10 each. The amount was payable as follows : {:("On Application","Rs. 1"),("On Allotment","Rs. 2"),("On First Call","Rs. 3"),("On Second and Final Call","Balance"):} The issue was fully subscribed. Ram to whom 100 shares were allotted, failed to pay the allotment money and his shares were forfeited immediately after allotment. Shyam to whom 150 shares were allotted, failed to pay the first call. His shares were also forfeited after the first call. Afterwards the second and final call was made. Mohan to whom 50 shares were allotted failed to pay the second and final call. His shares were also forfeited. All the forfeited shares were re-issued at Rs. 9 per share fully paid up. Pass necessary journal entries in the books of Dinesh Ltd.