JB Ltd issued 60000 equity shares of *10 each at a premium of 2.50 per share. The amount payable on application is 4.50 (including premium). The amount payable on allotment was fixed at 4 per share and an equivalent sum was due on a call to be made Total applications received were for 110000 shares and after consulting the stock exchange, the following scheme for allotment was decided upon Category Grouping of shares No of applications received No of shares applied for No of shares allotted A B C 1 to 100 101 to 500 Over 500 1200 175 5 70000 35000 5000 42000 14000 4000 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 applicant. Sanjay who was one of the applicants belonging to category A and had applied for 100 shares defaulted in payment of allotment money. Vivek, who belonged to category c, and who had been allotted 800 shares failed to pay the call money. Their shares were forfeited. after the respective calls were made and re-issued as fully paid up for 8 and 6 per share respectively. Show the necessary journal entries in the books of the company to record the above transactions.