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- X Ltd., invited applications for 20,000 shares of Rs. 100 each payable: - Rs.25 on application - Rs.35 on allotment - Rs.40 on call

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- X Ltd., invited applications for 20,000 shares of Rs. 100 each payable: - Rs.25 on application - Rs.35 on allotment - Rs.40 on call - 25,000 shares were applied for. The directors accepted applications for 20,000 shares and rejected the remaining applications. All moneys due were fully received. Give journal entries

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