Dr. SHARE CALL ACCOUNT Cr: Particulars Rs. Particulars Rs. To balance c/d 3,00,000 By Share Application A/c By Share Allotment Alc By Share Call Alc 90,000 1,50,000 60.000 3,00,000 3,00,000 Working Notes: ANALYSIS OF APPLICATION MONEY RECEIVED Category Shares applied for Shares allotted Application moved money Disposal of Application Money Share Share Refund Allotment Call (a) (b) (c) Total 21,500 50,600 21.100 93.200 10.200 12.600 7,200 25,800 Share Capital 30,600 37,800 21,600 90.000 64,500 1,51,800 63,300 2.79.600 33.900 63,000 36,000 25,200 5,700 30.000 1,32.900 30.900 25.800 A Co. Limited issued 60,000 equity shares of Rs. 10 each at a Premium of Rs. 2.50 per 2.18 share payable on application. The amount payable on allotment was fixed at Rs. 4 per share and an equivalent sum was due on a call to be made. Total applications received were for 1,10,000 shares and after consulting the Stock Exchange, the following scheme of allotment was decided upon. Category A B Grouping of Share 1-100 101-500 over 500 No. of applications received 1,200 175 5 No. of shares applied for 70,000 35,000 5,000 No. of shares allotted 42,000 14,000 4,000 It was decided that the excess amount received on applications would be utilised in payment of allotment money and surplus, if any, would be refunded to the applicants. Samuel, who was one of the applicants belonging to Category A and had applied for 100 shares defaulted in payment of allotment money. Theodore who belonged to Category C and who had been 944 allotted 800 shares failed to pay the call money. Their shares were forfeited, after the respective calls were made and reissued as fully paid up for Rs. 8 and Rs. 6 per share respectively. Show the necessary journal entries in the books of the company to record the above transactions. Working should form part of your