Y"Co. Ltd issued for public subscription 20,000 equity shares of Rs.40 each at Rs.50 per share payable as follows On application Rs. 10 On allotment Rs-20 (including premium) On first call Rs. 10 On final call Rs.10 EOFDEVEL Application were received for 25,000 shares 5,000 shares were Rejected and money refunded "X" the holders who hold 200 shares fail to pay the two call and "Z" the holder who hold 400 share fail to pay the final call the shares were forfeited after the final call was due All these shares were Darbonen reissued at Rs 35 each and pass the journal entries