Jupiter Ltd. issued shares of Rs. 100 each at a premium of 40% payable as follows :
`{:("On Application Rs. 50"),("On Allotment Rs. 70 (including premium)"),("On First & Final Call Rs. 20"):}`
Vinita, who applied for 700 shares and to whom 400 shares were allotted on prorata basis did not pay allotment and her shares were immediately fofeited. Pass entry for forfeiture of shares.

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.

X Ltd. issued a propspectus offering 2,00,000 shares of Rs. 10 each at Rs. 14 per share, payable as follows : {:("On Application","Rs. 4"),("On Allotment","Rs. 6 (including premium Rs. 4)"),("On First Call","Rs. 3"),("On Final Call","Balance"):} Dinesh, the holder of 1,000 shares, did not pay the amount due on allotment and first call. His shares were forfeited and 400 of these shares were immediately re-issued credited Rs. 9 paid for Rs. 8.40 per share. Final call was made afterwards and it was duly received. Show entries in the Cash Book and the Journal of the company.

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.

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.

Accountancy Publication Ltd. issued 50,000 equity shares of Rs. 10 each at a premium of 10% payable as under : On Application Rs. 3, On Allotment Rs. 4 (Premium Rs. 1), On First Call Rs. 2, and On Final Call Rs. 2. The whole of the issue was called for by the company and all the money were duly received excepy the allotment and calls money on 500 shares. These shares were, therefore, forfeited and later on re-issued at Rs. 9 per share as fully paid. Pass the necessary journal to record the above transactions.

Zen Ltd. issued 10,000 Equity shares of Rs. 10 each at a premium of Rs. 3 per share payable as: {:("On Application",,"Rs. 4,"),("On Allotment",,"RS. 5 (including premium),"),("On First Call",,"Rs. 2,"),(,,),(,,):} Application were received for 12,000 shares.The company made pro rata allotment to all the applicants. One shareholder who was allotted 900 shares paid the entire amount with allotment while another shareholder who had applied for 1,200 shares, failed to pay the allotment money and on his subsequent failure to pay the first call his shares were forfeited. Of the forfeited shares, 800 were reissued at Rs. 7 per share. You are required to prepare: (i) Shares Allotment Account. (ii) Securities Premium Reserve Account. (iii) Shares Forfeiture Account. (iv) Calls-in-Arrears Account.

Vaibhav Ltd. issued 20,000 equity shares of Rs. 10 each at Rs. 250 payable as follows : {:(,"Rs."),("On Application","100 (including premium Rs. 60)"),("On Allotment","50 (including premium Rs. 30)"),("On First Call","70 (including premium Rs. 40)"),("On Second & Final Call","30 (including premium Rs. 20)"):} All amounts were received except first and second & final call on 750 shares held by Mr. Akash. His shares were forfeited and 2/3 rd of these shares were reissued to Mr. Dinesh at Rs. 200 per share. Pass entries for forfeiture and reissue.