Chandra Ltd., issued 40,000 shares of Rs. 10 each payable as follows :
`{:("Rs. 2.50 on Application payable on","1st May, 2015"),("Rs. 2.50 on Allotment payable on","1st July, 2015"),("Rs. 2.00 on First Call payable on","1st Oct., 2015"),("Rs. 3.00 on Second Call payable on","1st Feb., 2016"):}`
All these shares were subscribed and amount received. Mohan who had 800 shares, paid the amount of first and second calls with allotment. Pass Journal entries in the books of the Company.

Shipra Limited invited applications for 80,000 shares of Rs. 10 each payable as follows : {:("Rs. 2.50 on Application","(on 2st May, 2015),"),("Rs. 2.50 on Allotment","(on 1st June, 2015),"),("Rs. 2 on First Call","(on 1st Nov., 2015), and"),("Rs. 3 on Second Call","(on 1st Feb., 2016)"):} All the shares were applied and allotted. Shankar, holding 600 shares paid the whole of the amount alongwith allotment. Pass Cash Book and Journal entries assuming that books are closed on 31 st March every year.

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.

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.

Metacaf Ltd. issued 50,000 shares of Rs. 100 each payable Rs. 20 on application (on 1st May 2012), Rs. 30 on allotment (on 1st January 2013) , Rs. 20 on first call (on 1st July 2013) and the balance on final call (on 1st February 2014). Shankar, a shareholder holding 5,000 shares did not pay the first call on the due date. The second call was made ans Shankar paid the first call amount along with the second call. All sums due were received. Total amount received on 1st February was :

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.

During the year 2014-15, ABC Ltd., issued 10,000 Equity Shares of Rs. 50 each at Rs. 55 per share, payable as follows : {:("On Application","Rs. 15"),("On Allotment","Rs. 120 (including premium Rs. 5)"),("On 1st and Final Call","Rs. 20"):} All the issued shares were subscribed for by the public. On shareholder holding 500 shares did not pay the amount due on allotment and his shares were immediately forfeited. Another shareholder holding 100 shares paid the amount of the 1st and Final Call with allotment. After the company had made the 1st and Final Call, 200 of the forfeited shares were reissued as fully called up at Rs. 45 per share. The share issue expenses were Rs. 7,000 which were written off at the end of he year. You are required to pass journal entries in the books of the company for the year ending 31st March, 2015. Also prepare the Opening 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.

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.