Balaji Ltd. issued 10,000, 13% Debentures of ₹ 100 each, payable as follows: ₹ 20 on application, ₹ 30 on allotment and ₹ 50 on first and final call

Balaji Ltd. issued 10,000, 13% Debentures of ₹ 100 each, payable as follows:

₹ 20 on application, ₹ 30 on allotment and ₹ 50 on first and final call.

All the debentures were applied. Ajay, the holder of 300 debentures paid the entire amount on his holding on allotment whereas Vijay, the holder of 200 debentures failed to pay the allotment and final call. Pass entries.

[Ans. Cash at Bank ₹ 9,84,000]