Light Lamps Ltd. issued 50,000 shares of Rs. 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares of Rs.10 each credited as fully paid-up to the underwriters of shares for their services. Journalise these transactions.

(Issue of Shares to Promoters and Underwriters). Dee Ltd. issued 2,500 shares of Rs. 10 each credited as fully paid to the promoters for the services rendered to incorporate the company and also issued 2,000 shares of Rs. 10 each credited as fully paid to the underwriters for their underwriting services. Journalise these transactions.

Tulip Ltd. issued 50,000 shares of Rs 10 each credited as fullly paid to the promoters for their services. It also issued 30,000 shares of Rs 10 each credited as fully paid to the underwriters for their commission. Given journal entries.

Grown Ltd. Issued 500, 10% Debentures of ₹ 1,000 each credited as fully paid-up to the promoters for their services to incorporate at company. It also issued 100, 10% Debentures of ₹ 1,000 each credited as fully paid-up to the underwriters towards their commission. Pass the Journal entries.

Zoom Ca₹ Ltd issued 2,000,10% Debentures of ₹ 100 each credited as fully paid to the Promote₹ for their services and issued 1,000, 10% Debentures of ₹ 100 each credited as fully paid to the underwrites for their underwriting commissin. Journalise these transactions.

A Ltd. forfeited 800 shares of Rs. 10 each issued at 20% premium (to be paid at the time of allotment) for non-payment of a final call of Rs. 2 per share. Out of these, 600 shares were re-issued as fully paid-up for Rs. 13 per share. Journalise.

Radhika Limited issued 50,000 shares of Rs. 10 each. The due amount was received except on 1,000 shares on which Rs. 6 per share was received. These 1,000 shares were forfeited and 700 shares were reissued for Rs. 8 each fully paid-up. Show the Forfeited Shares Account and the Balance Sheet as at closing date.

Pass journal entries for the forfeiture and re-issue in the following cases : (i) A Ltd. forfeited 100 shares of Rs. 10 each fully called-up foe non-payment of first call of Rs. 3 per share and final call of Rs. 3 per share. All of these shares were re-issued as fully paid for Rs. 10 per share. (ii) B Ltd. forfeited 400 shares of Rs. 10 each fully called-up for non-payment of final call of Rs. 3 per share. 300 of these shares were re-issued as fully paid for Rs. 8 per share. (iii) C Ltd. forfeited 700 shares of Rs. 10 each fully called-up on which the holder has paid application money @ Rs. 3 and allotment money @ Rs. 2 per share. Out of these, 300 shares were re-issued as fully paid @ Rs. 7 per share. (iv) D Ltd. forfeited 1,000 shares of Rs. 10 each fully called-up on which the holder has paid only the application money @ Rs. 3 per share. Out of these, 600 shares were re-issued at Rs. 10.50 per share, fully paid up.

Pass journal entries for the forfeiture and re-issue in the following cases : (i) A Ltd. forfeited 400 shares of Anil of Rs. 10 each fully called up for non-payment of final call of Rs. 2 per share and re-issued to Sunil as fully paid for Rs. 10 share. (ii) B Ltd. forfeited 500 shares of Rs. 10 each fully called up for non-payment of first call of Rs. 2 per share and final call of Rs. 2 per share. All of these shares were re-issued as fully paid for Rs. 8 per share. (iii) C Ltd. forfeited 600 shares of Rs. 10 each fully called up for non-payment of allotment money of Rs. 3 per share, first call of Rs. 2 per share and final call of Rs. 2 per share. 400 of these shares were re-issued as fullly paid up at the maximum rate of discount allowed by law. (iv) D Ltd. forfeited 800 shares of Rs. 10 each fully called up, on which the holder has paid only the application money of Rs. 3 per share. Out of these, 500 shares were re-issued at Rs. 11 per share, fully paid up.

Amrit Dhara Ltd.' issued 800 Equity Shares of Rs. 100 each at a premium of 25% as fully paid-up in consideration of the purchase of plant and machinery of Rs. 1,00,000. Pass entries in company's Journal.