Satrun Ltd. was registered with an authorized capital of Rs. 12, 00, 000, divided into 1,20,000 equity shares of Rs.10 each. It issued 40, 000 equity shares to the public at premium of Rs.5 per share, payable as follows: On application Rs.6 On allotment Rs.9 (including premium of Rs.5) All the shares were applied for and allotted. One shareholder holding 500 shared did not pay the allotment money and his shares were forfeited. Out of the forfeited shares, the company reissued 400 shares at Rs.7 per share fully called up. You are required to: (a) Pass journal entries on the book of the company. (b) Prepare (i) Securities Premium Reserve Account. (ii) Share Capital Account