A joint stock company resolved to issue $10$ lakh equity shares of each at a premium of $1$ per share. One lakh of these shares was taken up by the directors of the company, their relatives, associates and friends, the entire amount being received forthwith. The remaining shares were offered to the public, the entire amount being asked for with applications.

The issue was underwritten by $x,Y$ and Z for a commission @ $2\%$ of the issue price, $65\%$ of the issue was underwritten by X$,$ while Y$\text{'}$s and Z$\text{'}$s shares were $25\%$ and $10\%$ respectively.

Their firm underwriting was as follows:

$x30,000$ shares, Y $20,000$ shares and Z $10,000$ shares.

The underwriters were to submit unmarked applications for shares underwritten firm with full application money along with members of the general public.

Marked applications were as follows:

$x-1,19,500$ shares, $Y-57,500$ shares and $Z-10,500$ shares.

Unmarked applications totaled $7,00,000$ shares.

Accounts with the underwriters were promptly settled.

You are required to:

a$.$ Prepare a statement calculating underwriters' liability for shares other than shares underwritten firm.

b$.$ Pass journal entries for all the transactions including cash transactions.