Anand Ltd. invited applications for 75,000 Equity Shares of ₹ 100 each on the following terms: On application ₹ 30 On Allotment ₹ 20

Anand Ltd. invited applications for 75,000 Equity Shares of ₹ 100 each on the following terms:

	₹
On application	30
On Allotment	20
On first and final call	50

Applications were received for 1,65,000 shares. It was decided to (i) refuse allotment to the applicants for 15,000 shares; (ii) allot 50% to Abhay who had applied for 30,000 shares; (iii) allot in full to Bhanu who had applied for 30,000 shares; (iv) allot balance of the available shares on pro-rata basis among other applicants; and (v) utilise the excess application money in part payment of allotment and the final call. Give Journal entries till the sta