W Ltd. issued 10,000 shares of Rs. 100 each. During the year only Rs. 80 were called payable as follows :
`{:("On Application","Rs. 25"),("On Allotment","Rs. 20"),("On Ist Casll","Rs. 20"),("On Iind Call",Rs. 15"):}`
Amount were received as follows :
On 8,000 shares the full amount called
On 1,200 shares Rs. 65 per share
On 500 shares Rs. 45 per share
On 300 shares Rs. 25 per share
The directors forfeited those shares on which less than Rs. 65 per share were received. Show entries in the Cash Book and Journal and show the Share Capital in the Balance Sheet.

Explanation

Cash at Bank Rs. 7,48,000, Amount received on Allotment Rs. 1,94,000, On First Call Rs. 1,84,000 and on Second Call Rs. 1,20,000, Balnce of Share Forfeiture Account Rs. 30,000, Calls in arrears Rs. 18,000 .