On 28-2-2016 the first call of Rs. 2 per share became due on 50,000 equity shares allotted by Kumar Ltd. Komal, a holder of 1,000 shares, did not pay the first cal money. Kovil, a holder of 750 shares, paid the second and final call of Rs. 4 pershare alongwith the first call. Pass necessary Journal entry for the amount received by opening call-in-arrear and calls-in-advance accounts in the books of the company.

On 1-1-2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd., Karan, a holder of 500 shares, did not pay the first call money. Arjun, a shareholder holding 1,000 shares, paid the second and final call of Rs. 5 per share along with the first call. Pass necessary Journal entry for the amount received by opening 'Cals-in-arrear' and 'Calls-in-advance' account in the books of the compay.

On 1st January, 2016 the first call of Rs. 3 per share became due on 1,00,000 equity shares issued by Kamini Ltd. Karan a holder of 500 shares did not pay the first call money. Arjun a shareholder holding 1,000 shares paid the second and final call of Rs. 5 per share along with the first call. Pass the necessary Journal entry for the amount received by opening 'Calls-in-Arrears' and 'Calls-in-Advance' Account in the books of the company.

Bharat Ltd. made the first call of Rs. 2 per share on its 1,00,000 Equity Shares on 1st March, 2006. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was Rs. 3 per share. Pass necessary Journal entries for recording the above using the Calls-in-Advance Account.

VXN Ltd. invited applications for issuing 50,000 equity shares of Rs. 10 each at a premium of Rs. 8 per share. The amount was payable as follows : {:("On Application",:,"Rs. 4 per share (including Rs. 2 premium)"),("On Allotment",:,"Rs. 6 per share (including Rs. 3 premium)"),("On First Call",:,"Rs. 5 per share (including Rs. 1 premium)"),("On Second and Final Call",:,"Balance Amount"):} The issue was fully subscribed Gopal, a shareholder holding 200 shares, did not pay the allotment money and Madhav, a holder of 400 shares, paid his entire share money along with the allotment money. Gopal's shares were immediatelt forfeited after allotment. Afterwards, the first call was made. Krishna, a holder of 100 shares, failed to pay the first call money and Girdhar, a holder of 300 shares, paid the second call money also along with the first call. Krishna's shares were forfeited immediately after the first call. Second and final call was made afterwards and was duly received. All the forfeited shares were reissued at Rs. 9 per share fully paid up. Pass necessary journal entries for the above transactions in the books of the company.

AXN Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 6 per share. The amount was payable as follows : {:("On Application","Rs. 4 per share (including Rs. 2 premium)"),("On Allotment","Rs. 5 per share (including Rs. 2 premium)"),("On First Call","Rs. 4 per share (including Rs. 2 premium)"),("On Second and Final Call","Balance Amount."):} The issue was fully subscribed. Kumar, the holder of 400 shares did not pay the allotment money and Ravi the holder of 1,000 shares paid his entire share money alongwith allotment money. Kumar's shares were forfeited immediately after allotment. Afterwards first call was made. Gupta, a holder of 300 shares failed to pay the first call money and Gopal a holder of 600 shares paid the second call money also alongwith first call. Gupta's shares were forfeited immediately after the first call. Second and dinal call was made afterwards. The whole amount due on second call was received. All the forfeited shares were re-issued at Rs. 9 per share fully paid up. Pass necessary Journal Entries for the above transactions in the books of the company.

VXN Ltd. invited applications for issuing 50,000 equity shares of Rs. 10 each at a premium of Rs. 8 per share. The amount was payable as follows: On Application-Rs. 4 per share (Including Rs. 2 premium), On Allotment-Rs. 6 per share (Including Rs. 3 permium), On First Call-Rs. 5 per share (Including Rs. 1 permium), and On Second and Final Call-Balance Amount. The issue was fully subscribed. Gopal, a shareholder holding 200 shares, did not pay the allotment money and Madhav, a holder of 400 shares, paid his entire share money along with the allotment money. Gopal's shares were immediately forfeited after allotment. Afterwards, the first call was made. Krishna, a holder of 100 shares, failed to pay the first call money and Girhar, a holder 300 shares, paid the second call money also along with the first call. Krishna's shares were forfeited immediately after the first call. Second and final call was made afterwards and was duly received. All the forfeited shares were reissued at Rs. 9 per share fully paid-up. Pass necessary Journal entries for the above transactions in the books of the company.

AXN Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 6 per share. The amount was payable as follows: On Application-Rs. 4 per share (Including Rs. 2 premium), On Allotment -Rs. 5 per share (Including Rs. 2 premium), On First Call-Rs. 4 per share (Including Rs. 2 premium), and On Second and Final Call - Balance Amount. The issue was fully subscribed. Kumar, the holder of 400 shares, did not pay the allotment money and Ravi, the holder of 1,000 shares, paid his entire share money along with allotment money. Kumar's shares were forfeited immediately after allotment. Afterwards first call was made. Gupta a holder of 300 shares, failed to pay the first call money and Gopal, a holder of 600 shares , paid the second call money also along with first call. Gupta's shares were forfeited immediately after the first call. Second and final call was made afterwards. The whole amount due on second call was received . All the forfeited shares were reissued at Rs. 9 per share fully paid-up. Pass necessary Journal entries for the above transactions in the books of the company.

Rohit & Company issued 30,000 shares of Rs.10 each payable Rs.3 on application, Rs.3 on allotment and Rs.2 on first call after two months. All money due on allotment was received, but when the first call was made a shareholder having 400 shares did not pay the first call and a shareholder of 300 shares paid the money for the second and final call of Rs.2 which had not been made as yet. Give the necessary journal entries in the books of the company.

Sukanya Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each. The shares were issued at a premium of Rs. 20 per share. The amount was payable as follows: {:("On Application and Allotment",-,"Rs. 14 per share (including premium of Rs. 10),"),("On First Call",-,"Rs. 8 per share (including premium of Rs. 5),"),("On Final Call",-,"Rs. 8 per share (including premium of Rs. 5)."):} Application for 96,000 shares were received. Rohit, a shareholder holding 7,000 shares, failed to pay both the calls and Namit, a holder of 5,000 shares, did not pay the final call. Shares of Rohit and Namit were forfeited . Of the forfeited shares, 8,000 shares including all the shares of Rohit were reissued to Reena at Rs. 8 per share fully paid-up. Pass necessary Journal entries fot the above transactions in the books of Sukanya Ltd.