S Ltd. offers 1,00,000 equity shares of Rs. 10 each payable Rs. 3 on application, Rs. 3 on allotment (including premium Rs. 2), Rs. 4 on first call three months after allotment and Rs. 2 on final call three months after first call. Applications were received for 1,58,500 shares and allotment was made as under :
`{:(,"Shares allotted"),("(Mr. D paid in full on allotment in respect of 4,000 shares)","19,00"),("Allotment of 2/3 of shares applied for","80,000"),("Allotment of 1/2 of shares applied for","1,000"):}`
Application money of Rs. 52,500 in respect of 17,500 shares upon which no allotment was made was returned to applicants. All amounts were received except final call on 100 shares which were forfeited and re-issued later on @ Rs. 9 each. Interest on calls in advanse is paid @ 12 % p.a. Give necessary journal entries.

Explanation