ABC Limited had offered 500,000 ordinary shares of ksh. 10 each that were payable as follows: On application ksh.4 On allotment Ksh. 5.00 (including premium) On First and final call Ksh 3.00 400 000 applicants were received. All amounts due on allotment and calls were received on due dates except for one member holding 15,000 shares who never paid for the calls. After giving him the time and without success the directors declared the shares for feighted and were later reissued at shs.5.00 each fully paid.

Required: Journal entries/ledgers to record the above transactions.