A limited company forfeited 200 shares of Rs. 100 each (originally issued at 20% premium which was payable along with application money) on which allotment money of Rs. 40 and first call money of Rs. 30 were not received, the final call money of Rs. 20 is not yet called. These shares were originally allotted on pro-rata basis in the ratio of 5 : 4. These shares were subsequently reissued at a discount of Rs. 10 per share, credited as Rs. 80 paid up.
Pass necessary Journal entries for forfeiture and reissue of shares.

Explanation