946 ABC Limited offered for public subscription 2,000 Equity shares of Rs. 100 each at a 2.23 premium of Rs. 20 per share on the following items: (a) Applications money to be paid before 30th June, 2000; Rs. 40 per share. (b) Allotment money to be paid before 20th September, 2000; Rs. 50 per share including Rs. 20 premium (c) First and final call money to be paid before 31st December, 2000; Rs. 30 per share. Applications for 4,000 shares were received, the Company decided to: () Allot in full 200 shares to 4 applicants who had applied for the same. (ii) Reject the applications for 1,400 shares applied for by persons suspected to be agents of a rival company. (iii) Allot the balance number of shares proportionately, to the remaining applicants, and to apply the excess money paid towards the allotment money dues. Ravi who had applied for 100 shares and who was allotted all the shares applied for could not pay allotment money. Ruby who was allotted 60 shares on the proportion basis could not pay the final call. After due notices all such shares were forfeited and reissued at a discount of 20% of the face value of the share of Mr. Reddy. Pass the necessary journal entries to record the above transactions in the books of the Company