Journalise the following transactions in the books of Poonam Ltd.: 200 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited

Journalise the following transactions in the books of Poonam Ltd.:

200 shares of ₹ 10 each issued at a premium of ₹ 5 each payable with allotment were forfeited for the non-payment of allotment money of ₹ 8 per share including premium. The first and final call on these shares of ₹ 3 per share was not made. The forfeited shares were re-issued @ ₹ 12 per share fully paid up.

[Ans. Transfer to Capital Reserve A/c : ₹ 800.]