Hindustans Steel Ltd. invited applications for 50,000 equity shares of Rs. 10 each at a premium ...

Pushkar Ltd. invited applications for issuing 5,00,000 equity shares of Rs. 10 each at apremium of Rs. 3 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries.

Anishka Ltd. Invited applications for 2,00,000 equity shares of Rs. 10 each at a premium of Rs. 4 per share. The amount was payable as follows : On Application - Rs. 6 (including premium Rs. 2) On Allotment - Rs. 7 (including premium Rs. 2) Balance on first and final call. Applications for 3,00,000 shares were received. Allotment was made to all the applicants on pro-rata basis. Mehak, to whom 400 shares were alloted failed to pay allotment and call money. Khushboo, who had applied for 300 shares failed to pay the call money. Their shares were forfeited after final call. 400 of the forfeited shares (including all shares of Khushboo) were reissued @ 8 per share as fully paid up. Pass the necessary journal entries by opening 'Calls in Arrears A/c' wherever necessary.

Luxury Cars Ltd. invited applications for issuing 10,000 equity shares of Rs. 50 each at a premium of Rs. 100 per share. The amount was payable as follows : On application - Rs. 75 per share (including Rs. 50 premium) On allotment - The balance The issue was fully subscribed. A shareholder holding 400 shares paid his entire share money at the time of application. Another shareholder holding 300 shares did not pay the allotment money. His shares were forfeited. The forfwited shares were later on re-issued for Rs. 9 per share as fully paid up. Pass necessary journal entries for the above transactions in the books of the company.

Satyam Ltd. invited applications for issuing 10,000 equity shares of Rs 100 each at a premium of Rs 20 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary journal entries .

'BMY Ltd.' invited applications for issuing 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows : {:("On Application",-,"Rs. 10 per share (including Rs. 5 premium)"),("On Allotment",-,"The Balance"):} The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the allotment money. His shares were forfeited. Later on these shares were re-issued for Rs. 4,000 as fully paid up. Pass necessary journal entries for the above transactiors in the books of BMY Ltd.