Eastern Company Limited issued 40,000 shares of Rs. 10 each to the public for the subscription out of its share capital, payable as Rs. 4 on application, Rs.3 on allotment and the balance on Ist and final call. Applications were received for 40,000 shares. The company made the allotment to applicants in full. All the amounts due on allotment and first and final call were duly received.
Give the journal entries in the books of the company.

(Issue of Shares at Par, Oversubscription and Pro rata Allotment). Kirloskar Ltd. issued 20,000 shares of Rs. 10 each, payable Rs. 4 on application, Rs. 3 on allotment and Rs. 3 on first and final call. Applications were received for 25,000 shares. The company decided to allot 20,000 shares on pro rata basis and surplus of application money was utilised for allotment money due. Pass Journal entries assuming that the amounts due were received. Also, show share capital in the Balance Sheet of the company.

Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the Journal entries in the books of Citizen Watches Ltd.

Amrit Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on application, Rs. 4 on allotment (including premium), Rs. 2 on first call and the remaining on second call. Applications were received for 75,000 shares and pro rata allotment was made to all the applicants. All moneys due were received except allotment and first call from Sonu who applied for 1,200 shares. All his shares were forfeited. The forfeited shares were reissued for Rs. 9,600. Final call was not made. Pass necessary Journal entries.

Better Prospect Ltd. acquired land costing Rs. 1,00,000 and in payment allotted 1,000 Equity Shares of Rs. 100 each as fully paid. Further, the company issued 4,000 Equity Shares for subscription payable as follows: Rs. 30 on application, Rs. 30 on allotment, Rs. 40 on first and final call. Applications were received for all shares which were allotted. All the money was received except the call on 200 shares. Pass Journal entries and prepare Balance Sheet of the company.

A company is registered with an authorised capital of 1,25,000 Equity Shares of Rs. 10 each. The company offered 80,000 Equity Shares to the public for subscription payable as follows: 25% on application, 25% on allotment, 25% on first call, the balance on final call. Applications were received for 75,000 shares. The company duly allotted these shares. It made only the first call by 31 st March, 2019. The first call money was received on all the shares except 300 Equity Shares. What is the Company's: (i) Authorised Share Capital, (ii) Issued Share Capital, (iii) Subscribed Share Capital, and (iv) Calls-in-Arrears?

Kanpur Gas Ltd. issued 40,000 equity shares of Rs. 10 each at a premium of Rs. 1 per share. Amount were payable as follows : Rs. 2.50 on Application , Rs. 4.50 on Allotment (including premium), Rs. 2 on First Call and Rs. 2 on Final Call. Applications were received for 37,000 shares. Give Journal Entries assuming that all sums have been received on due dates.

(Issue of Shares at Par and Preparation of Cash Book). Grand Ltd. offered 1,00,000 shares of Rs. 10 each for subscription on following terms: Rs. 3 to be paid on application, Rs. 3 to be paid on allotment, Rs. 4 to be paid in two months after allotment. Applications were received for 90,000 shares and allotment was made on 1st May, 2018. All the money due on allotment was received by 15th May, 2018. Call was duly made but a shareholder holding 1,500 shares failed to pay the call. Pass entries in the Cash Book, Journal and the Ledger of the Company. Also, prepare the Balance Sheet of the company showing Share Capital.