On April 1, 2017, the directors of ABC Ltd issued 1,00,000 equity shares of ₹ 10 each at ₹ 12 per share payable at ₹ 5 on application, ₹ 4 on allotment including premium and the balance on July 1, 2017. The lists closed on April 12, 2017, by which date applications for 1,40,000 shares had been received. Of the cash received, ₹ 80,000 was returned and ₹ 1,20,000 was applied to the amount due on allotment, the balance of which was paid on April 19, 2017. All shareholders paid the call due on July 1, 2017, with the exception of one allottee for 1,000 shares. These shares were forfeited on November 30, 2017 and reissued as fully paid at ₹ 8 per share on January 2, 2017. Pass Journal Entries in the books of the company recording the above transactions.