150 shares of Rs. 10 each issued at a premium of Rs. 4 per share payable with allotment wer
Channel: Doubtnut
Date: 2020-04-05

150 shares of Rs. 10 each issued at a premium of Rs. 4 per share payable with allotment were forfeited for non-payment of allotment money of Rs. 8 per share including premium. The first and final call of Rs. 4 per share was not made. The forfeited shares were reissued at Rs. 15 per share fully paid-up. Pass Journal entries in the books of X Ltd. for the above.