XYZ Ltd. issued 100,000 shares of sh. 20 each payable as follows:

Application	6
Allotment	6 (including premium)
Call I	5
Call II	4
	21

Applications were received for 130,000 shares dealt with as follows:

1. 10,000 applications rejected and money refunded.
2. The balance allocation is on pro-rata basis

All monies were received except as follows:

1. A shareholder with 5,000 shares paid for call I&II together with allotment.
2. A shareholder with 10,000 shares paid for call I but not call II.
3. All shares with arrears were forfeited but reissued at 20% discount.

Required: Pass the necessary journal entries