Telecom Ltd.' issued 20,000 Equity Shares of Rs. 10 each at a premium of Rs. 5 per share, payable as: Rs. 7 (including premium ) on application, Rs. 5 on allotment and the balance after three months of allotment. A shareholder to whom 200 shares were allotted failed to pay the allotment and call money and his shares were forfeited. 160 of the forfeited shares were reissued for Rs. 1 1,600.
Give necessary entries in company's Journal and the Balance Sheet.

BMY Ltd.' invited applications for issuing 1,00,000 Equity Shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows: On application-Rs. 10 per share (including Rs. 5 premium), On allotment-The balance. The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on, these shares were reissued for Rs. 4,000 as fully paid-up. Pass necessary Journal entries for the above transactions in the books of BMK Ltd.

Black Stone Ltd. issued 10,000 Equity Shares of Rs. 10 each at a premium of Rs. 3 per share payable Rs. 5 on application, Rs. 5 (including premium) on allotment and the balance on first call. All the shares offered were applied for and allotted. All the money due on allotment was received except on 200 shares. Call was made. All the amount due thereon was received except on 300 shares. Directors forfeited 200 shares on which both allotment and call money were not received. Pass necessary Journal entries to record the above.

Xansa Ltd. offered 22,000 equity shares of Rs. 100 each to the public at a premium of Rs. 20 per share. The amount per share was payable as Rs. 30 on application, Rs. 50 (including premium) on allotment, and the balance on first and final call. 20,000 shares were subscribed by the public. All calls were made. A shareholder holding 1,000 shares failed to pay the first and final call money. His share were forfeited. Show 'Share Capital' in the Balance Sheet of Xansa Ltd. Also, prepare 'Notes to Accounts'.

(Partial Allotment of Shares and their Forfeiture and Reissue). X applied for 2,000 shares of Rs. 10 each at a premium of Rs. 2.50 per share . He was allotted 1,000 shares. After having paid Rs. 3 per share on application, he did not pay the allotment money of Rs, 4.50 per share (including premium) and on his subsequent failure to pay the first call of Rs. 2 per share, his shares were forfeited. These shares were reissued @ Rs. 8 per share credited as fully paid-up. Pass Journal entries to record forfeiture and reissue of shares.

Vikram Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 1 per share payable as follows : Rs. 3 on Application Rs. 4 on Allotment (including premium) Rs. 2 on Ist Call Balance when required Applications were received for 46,000 shares and all of these were accepted. Directors did not make the final call. The shares were forfeited and re-issued at Rs. 7 per share, Rs. 8 per share paid. Pass Cash at Bank and Journal Entries.

'BMY Ltd.' invited applications for issuing 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows : {:("On Application",-,"Rs. 10 per share (including Rs. 5 premium)"),("On Allotment",-,"The Balance"):} The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on these shares were re-issued for Rs. 4,000 as fully paid up. Pass necessary journal entries for the above transactiors in the books of BMY Ltd.

Amrit Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on application, Rs. 4 on allotment (including premium), Rs. 2 on first call and the remaining on second call. Applications were received for 75,000 shares and pro rata allotment was made to all the applicants. All moneys due were received except allotment and first call from Sonu who applied for 1,200 shares. All his shares were forfeited. The forfeited shares were reissued for Rs. 9,600. Final call was not made. Pass necessary Journal entries.