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Monika Ltd issued 3000 shares of 10 each of the following terms. 2 on application 3 on Allotment 1 on Ist Call Balance on 2

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Monika Ltd issued 3000 shares of 10 each of the following terms. 2 on application 3 on Allotment 1 on Ist Call Balance on 2 nd and final calls 3200 share were applied for 3000 shares were accepted by the directors and the Balance was rejected Allotment money was duly recived and Ist call money on shares. Pass the nersary journal entries in the Boaks of the company

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