Journalise the following transactions in the books of Poonam Ltd. : 200 shares of Rs. 10 each issued at a premium of Rs. 5 each payable with allotment were forfeited for the non payment of allotment money of Rs. 8 per share including premium. The first and final call on these shares at Rs. 3 per share was not made. The forfeited shares were re-issued @ Rs. 12 per share fully paid up.

Explanation

Transfer to Capital Reserve A/c : Rs. 800.