A Company issued 50,000 equity shares of ₹10 each at a premium of 10% and 2,000 debentures of ₹100 each at ₹95. Of the issue, 80% is underwritten by Sing & Co. at the maximum rate of commission allowed by law. Applications were received for 40,000 equity share and 1,500 debentures, which were accepted and payments for these were received in full. Journalise the above transactions and show the entries in the balance sheet, assuming that the amount due from the underwriter has been received.