Shares issued 10,00,000 Premium= rupees 20 per share Nominal Value = rupees 100 Application = rupees 10 Allotments rupees 40 per share including premium First and final call = Balance Overpayments on application were to be applied towards sum date on allotment and call. The issue was over subscribed to the extent of 13000 shares. Applicants for 12000 shares were allotted only 2000 shares and applicants for 3000 shares were sent letters of regret and application deposits were returned to them. Pass the necessary Journal Entry