X Ltd. issued for Public subscription 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 5 per share payable as under :
`{:("On Application","Rs. 5"),("On Allotment","Rs. 7 (including premium Rs. 5)"),("On First & Final Call","Rs. 3"):}`
Applications were received for 1,50,000 shares. Allotment was made pro-rata to all the applicants and the money overpaid on application was utilised towards sums due on allotment.
Suruchi, who applied for 1,800 shares failed to pay the allotment and call money and the shares were subsequently forfeited. Two - third of the forfeited shares were re-issued to Supriya as fully paid up at Rs. 8 per share. Show the journal entries to record the above transactions.

Explanation