Particulars L.F. Particulars L.F. To Share Application A/C 1,38,000 By Balance c/d 4,18,000 To Share Allotment A/c 1,84,000 To Share First Call A/c 90,400 To Share Capital A/C 5,600 4,18,000 4,18,000 q40 L.F. Dr. ) Cr.) Dr. 1,38,000 1,38,000 Dr. JOURNAL Date Particulars Share Application A/C To Share Capital A/C (Money transferred to Share Capital A/C) Share Allotment A/c To Share Capital A/C To Securities Premium Reserve A/c (Money due on Share Allotment) Share First Call A/C To Share Capital A/C Money due on First Call) 1.84,000 1,38,000 46,000 Dr. 92,000 92,000 Dr. 6,400 1,600 4,800 800 Share Capital A/c (800 x 58) To Share First Call A/c To Share Forfeiture A/C (800 Shares Forfeited) Share Forfeited A/c Dr. To Share Capital A/C (800 Shares re-issued at 31 per Share, T8 per share paid) Share Forfeiture A/C Dr. To Capital Reserve A/C Profit relating to 800 Shares transferred to Capital Reserve A/C) 800 4,000 4,000 Q. 45. Give journal entries for forfeiture and re-issue of shares: (a) X Ltd. forfeited 500 shares of 100 each, 375 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of a first call of 20 per share. Out of these, 200 shares were re-issued as 75 paid-up for 60 per share. (b) X Ltd. forfeited 300 shares of 100 each, 375 called-up, issued at 10% premium (to be paid at the time of allotment) for non-payment of allotment money of 330 per share (including premium) and first call of 20 per share. Out of these, 100 shares were re-issued as fully paid-up in such a way that 3,100 were transferred to Capital reserv