X Ltd. issued 8,000 shares of Rs. 100 each at a premium of Rs. 40 per share. Amount was payable as follows :
`{:(,"Rs."),("On application","20 (including premium Rs. 10 per share)"),("On allotment","50 (including premium Rs. 30 per share)"),("On first call",30),("On second & final call",40):}`
Applications were received for 7,500 shares and all were accepted. All money was received except :
(i) Ashwin, holding 100 shares failed to pay allotment money and his shares were forfeited after allotmetn.
(ii) Monika, holding 200 shares failed to pay first call money and her shares were forfeited after first call.
(iii) Ruchi, holding 300 shares failed to pay first and second call money and her shares were forfeited.
All the forfeited shares were reissued at a discount of 5% as fully paid-up. Pass the necessary journal entries in the books of X Ltd.

Explanation