3,34,000 1,25,000 Less: Calls in arrear 66,000 Reserve and Surplus: Securities Premium Current Liabilities and Provisions: (A) Current Liabilities: Underwriting Commission (B) Provisions 12,500 Nil 5,71,500 443 5,71,500 X Co. Ltd. invited applications for 2,00,000 equity shares of Rs. 10 each on the follow- 2.15 ing terms. Payable on application on 31 Jan. 2006... Rs. 5 per share. Payable on allotment on 28 Feb. 2006... Rs. 3 per share. (including Re. 1 per share as premium) Payable on final call on 30 June 2006... Rs. 3 per share. Applications for 2,50,000 shares were received. It was decided: () to refuse allotment to the applicants for 10,000 shares. (ii) to allot in full to applicants for 40,000 shares. (iii) to allot the balance of the available shares pro rata among other applicants. (iv) to utilise excess application moneys in part payment of allotment money. One shareholder to whom shares had been allotted on pro rata basis failed to pay the amount due on allotment and on call and his 200 shares were forfeited. 150 of these shares were reissued on 31 October 2006 at Rs. 9 per share. Given the necessary Journal entries and prepare the cash book to record the above transactions