=+ (d) to utilise excess application money in part payment of allotment money. One applicant to whom

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(d) to utilise excess application money in part payment of allotment money.

One applicant to whom shares had been allotted in full did not pay the amount due on call and his 200 shares were forfeited. The shares were re-issued on 31st October, at 18s.

Show the Journal and Cash Book entries necessary to record the foregoing.

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