Alankit Limited issued at par 2,00,000 Equity shares of 100 each payable 25 on application; 30 on allotment; 20 on first call and balance on the final call. All the shares were fully subscribed. Mr. Dhawan who held 40,000 shares paid full remaining amount on first call itself. The final call which was made after 3 months from first call was fully paid except a shareholder having 4,000 shares who paid his due amount after 2 months along with interest on calls in arrears. Company also paid interest on calls in advance to Mr. Dhawan. You are required to prepare journal entries to record these transactions. Samuel who was the holder of 12,000 preference shares of 100 each, on which * 75 per share has been called up could not pay his dues on Allotment and First call each at 25 per share. The Directors forfeited the above shares and reissued 10,000 of such shares to Mr. Robort at * 65 per share paid-up as *75 per share. You are required to prepare journal entries to record the above forfeiture and re-issue in the books of the company.