(a) X Ltd. forfeited 200 equity shares of Rs. 10/- each; Rs. 8/- called-up for non-payment of first call money Rs. 2/- each. Application money and allotment money was Rs. 2/- and Rs. 4/- respectively. These shares were reissued at a price of Rs. 7/- each as Rs. 8/- paid-up. Show entries in the journal and how these would appear in the balance sheet.

(b) Konic Ltd. issued 1,50,000, 10% debentures of face value Rs. 100/- each at par. The amount due was to be paid as Rs. 10/- being application money, Rs. 30/-, Rs. 20/- and Rs. 40/- being allotment, first call and second call money respectively. Company received application for 1,80,000 debentures. Application money for 20,000 debentures was refunded and rest of the applicants were issued debentures on prorated basis. Pass necessary journal entries and show the items in balance sheet.