A limited Company was registered with an authorised capital of Rs. 2,00,000 in Rs. 10 shares, of these 6,000 shares were issued as fully paid to the vendors for the purchase of buildings. 8,000 shares were subscribed for by the public and during the first year Rs. 6 per share were called up, payable Rs. 3 on application, Rs. 1 on allotment, Rs. 1 on first call, and Rs. 1 on second call. The amounts received in received in respect of these shares were as follows :
On 6,000 shares the full amount called.
On 1,200 shares Rs. 5 per share.
On 500 shares Rs. 4 per share.
On 300 shares Rs. 3 per share.
The directors forfeited 800 shares on which less than Rs. 5 per share had been paid. Show journal entries in the books of the company and also show the Share Capital, as it would appear in the Balance Sheet.

Explanation