X Ltd. decided to issue 75,000 equity shares of Rs. 10 each at a premium of 50%. The whole amount was payable on application. Applications for 2,00,000 shares were received. Applications for 5,000 shares were rejected and shares were allotted to the remaining applicants on pro-rata basis. Pass necessary Journal entries for the above transactions in the books of the company.

Jyoti Power Ltd. decided to issue 8,50,000 equity shares of Rs. 10 each at a premium of Rs. 3 per share. The whole amount was payable on application. Applications for 20,00,000 shares were received. Applications for 3,00,000 shares were rejected and shares were allotted to the remaining applicants on pro-rata basis. Pass necessary Journal entries for the above transactions is the books of the company.

To provide employment to the youth and to develop Baramula district of Jammu and Kashmir, Jyoti Power Ltd. decided to set up a power plant. For raising funds the company decided to issue 8,50,000 equity shares of Rs. 10 each at a premium of Rs. 3 per share. The whole amount was payable on application. Application for 20,00,000 shares were received. Applications for 3,00,000 shares were rejected and shares were allotted to the remaining applicants on pro rata basis. Pass necessary Journal entries for the above transactions in the books of the company .

Shiva Ltd. issued 1,00,000 Equity Shares of Rs. 10 each at a permium of Rs. 5 per share. The whole amount was payable on application. The issue was fully subscribed . Pass necessary Journal entries.

Satyam Ltd. invited applications for issuing 10,000 equity shares of Rs 100 each at a premium of Rs 20 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries .

X Ltd. invited applications for issuing 50,000 equity shares of Rs. 10 each. The amount was payable as follows: {:("On Application",:,"Rs. 2 per share,"),("On Allotment",:,"Rs. 2 per share,"),("On First Call",:,"Rs. 3 per share,"),("On Second and Final Call",:,"Balance amount."):} Applications for 70,000 shares were received. Applications for 10,000 share were rejected and the application money was refunded. Shares were allotted to the remaining applicants on a pro rata basis and excess money received with applications was transferred towards sums due on allotment and calls, if any. Gopal, who applied for 600 shares, paid his entire share money with application. Ghosh, who had applied for 6,000 shares, failed to pay the allotment money and his shares were immediately forfeited. These forfeited shares were reissued to Sultan for Rs. 20,000 , Rs. 4 per share paid-up. The first call money and the second and final call money was called and duly received. Pass necessary Journal entries for the above transactions in the books of X Ltd. Open Call-in-Advance Account and Calls-in-Arrears Account wherever necessary .