X Ltd. issued a propspectus offering 2,00,000 shares of Rs. 10 each at Rs. 14 per share, payable as follows :
`{:("On Application","Rs. 4"),("On Allotment","Rs. 6 (including premium Rs. 4)"),("On First Call","Rs. 3"),("On Final Call","Balance"):}`
Dinesh, the holder of 1,000 shares, did not pay the amount due on allotment and first call. His shares were forfeited and 400 of these shares were immediately re-issued credited Rs. 9 paid for Rs. 8.40 per share. Final call was made afterwards and it was duly received. Show entries in the Cash Book and the Journal of the company.

Explanation

Cash at Bank Rs. 27,93,760, Balance of Share Forfeiture A/c Rs. 2,400, Capital Reserve Rs. 1,360, Balance of Securities Premium Reserve A/c Rs. 7,96,000.