II. On 4th January 2020, Triangle PLC issued 150,000 shares at the issue price of Rs. 10 per share with Rs. 04 payable per share on application, Rs. 03 per share on allotment and the balance with the first and final call. When applications closed on 15th February 2020, applications had been received for 225,000 shares. On 20th February 2020, the directors decided to reject 25,000 applications and the remaining application were allotted 3 shares for every 4 shares applied for. The surplus application money was offset against the amount payable on allotment. The balance allotment money was received by 22nd March 2020. The directors made the call of Rs. 03 per share on 25th March 2020. By 22nd April 2020, which was the deadline given for their payment of the call; all the shareholders with exception of shareholders who were allotted 10,000 shares had paid the call. On 7th May 2020, the directors had decided to forfeit the shares which were in arrears for call and re-issue at Rs. 8 each fully paid. By 31st May 2020, all money in respect of reissue has been received by the company. According to Triangle PLC's constitute, any surplus amount on reissue of shares would be retained in the company. Required: a) Prepare entries in general journal form to record the above transactions. (04 Marks)