Illustration 32 X Ltd. forfeited 100 equity shares of of 10% to Seena on which she had paid shares were reissued to Jeena at Give journal entries to record 10 each ( 6 called up) issued at a discount 2 per share. Out of the shares forfeited, 80 8 called up, for 9 per share. forfeiture and reissue of shares.