Real deal ltd has an authorized share capital of 50,000 ordinary shares of $10 per share which 30,000 have been issued at par and are fully paid. Real deal decided to issue the other 20000 shares at a price of $12 per shares payable as follows:

On application (including premium) $5 per share

On allotment $2 per share

first and final call $5 per share

Applications were received for 22,000 shares. of these, 2000 were rejected and the money returned to the applicants. All the allotment money was received but the holder of 1000 shares did not meet the final call and so forfeited his shares in accordance with the Articles of the company. These shares were subsequently reissued as fully paid shares at $8 per share.

required:

1. Application and Allotment a/c

2. Call a/c

3. Ordinary share capital a/c

4. Investment: own shares a/c

5. Share premium a/c

6. Bank a/c