5. Arti pvt. Ltd purchased a machine on January 1, 2009 for Rs 150,000. The company further purchased machine on July 1, 2009 and on January 1, 2011 for Rs 50,000 and Rs 24,000 respectively. The company followed straight line method of depreciation from January 1, 2009 but from January 1, 2010 the method was changed to diminishing balance. The company closes account on 31 December. You are required to prepare machine account from January 1, 2009 to December 31, 2014. 6. C ltd. Issued 1000 equity shares of Rs. 10 each at premium. Rs. 5 payable at application; and Rs. 7 payable at allotment. The company received application money for 2000 shares. 500 applications were rejected. Remaining 1500 applicants were issued shares on pro-rata basis. 100 share holders could not pay money due on allotment hence their shares were forfeited and reissued at Rs 7. Pass journal entries