Kiran Textiles Ltd. issued 50,000 Equity Shares of Rs. 10 each at a premium of Rs. 4 per share and 2,000, 6% Preference Shares of Rs. 100 each at par payable as follows :
`{:(,"Equity Shares","Pref. Shares"),(,"Rs.","Rs."),("On Application",3.50,30),("On Allotment",6.50 ("including premium"),20),("On First Call",2,25),("On Final Call",2,25):}`
All these shares were fully subscribed, called-up and paid. Record these transactions in Journal and cash book.

Explanation

Cash Bank Rs. 9,00,000 .