Issue of share

On 1 April 2023, Saniya Ltd. issued 30,000 Equity Shares of ₹ 10 each at a premium of 4 per share, payable as

follows:

6 on application (including 1 premium).

2 on the allotment (including 1 premium).

3 on the first call (including 1 premium), and

3 on second and final call (including 1 premium).

Applications were received for 45,000 shares, of which applications for 9,000 shares were rejected and their money was refunded. Rest of the applicants were issued shares on pro rata basis. Harish, to whom 600 shares were allotted.

did not pay the allotment money and his shares were forfeited after allotment. Manoj, who applied for 1,080 shares did not pay the two calls and his shares were forfeited.

1,200 forfeited shares were reissued as fully paid-up on receipt of 9 per share, the whole of Manoj’s shares being int luded.

Prepare Cash Book and Pass necessary Journal entries. Also, show share capital in the Balance Sheet of the company