Plentiful Ltd. comes out with a public issue of share capital on 1.1.2017 of 10,00,000 equity shares of ₹ 10 each at a premium of 5%. ₹ 2.50 is payable on application (on or before 31.1.2017) and ₹ 3.00 on allotment (31.3.2017) including premium. The issue is underwritten by two underwriters ---- Seth and Shetty, equally, the commission being 5% of the issue price. Each of the Underwriters underwrites 20,000 shares firm. Subscriptions total 9,60,000 shares, the distribution of forms being: Seth : 5,20,000; Shetty : 3,60,000 and unmarked forms 80,000. One of the allottees (using forms marked with name of Seth) for 2,000 shares, fails to pay the amount due to allotment, all other money due being received in full including any due from the shares devolving upon the underwriters. The commission due is paid separately. The shares of the indifferent allottee are finally forfeited by 30.6.2017 and are re-allotted for payment in cash of ₹ 4 per share. You are required to pass summary journal entries to record the above events and transactions (including cash).