Eta Ltd has a nominal capital of $200,000 divided into 200,000 ordinary shares of $1 each. The whole of the capital was issued at par on the following terms:

Per share	Amount ($)
Payable on application	0.18
Payable on allotment	0.30
First call	0.25
Second call	0.27

Applications were received for 240,000 shares and it was decided to allot the shares on the basis of four for every five for which applications had been made. The balance of application monies were applied to the allotment, no cash being refunded. The balance of allotment monies were paid by the members.

The calls were made and paid in full by the members, with the exception of a member who failed to pay the first and second calls on the 2,000 shares allotted to them. A resolution was passed by the directors to forfeit the shares. The forfeited shares were later issued to H Clark at $0.75 each.

Required: Show the ledger accounts recording all the above transactions, and the relevant extracts from a balance sheet after all the transactions had been completed.