Cut Deck Ltd has an authorised capital of $£ 500,000$ comprising ordinary shares of $£ 1$ each. The shares were issued at par, payments being made as follows:

Applications were received for 640,000 shares. It was decided to refund application monies on 40,000 shares and to allot the shares on the basis of five for every six applied for. The excess application monies sent by the successful applicants are not to be refunded but are to be held and so reduce the amount payable on allotment.
The calls were made and paid in full with the exception of two members holding a combined total of 3,000 shares who paid neither the first nor the second call and another member who did not pay the second call on 1,000 shares. The shares were forfeited and reissued to E Whitelock at a price of 85 per share.
You are to draft the ledger accounts to record the transactions.