Deeksha Ltd. issued 25,000 Equity Shares of ₹ 100 each at a premium of ₹ 20 per share payable as ₹ 30 per share on application

Deeksha Ltd. issued 25,000 Equity Shares of ₹ 100 each at a premium of ₹ 20 per share payable as ₹ 30 per share on application; ₹ 50 per share on allotment including premium; and ₹ 40 per share on first and final call.

All the shares were subscribed, money due on all shares was received except from Asha, holding 250 shares who failed to pay allotment and call money, and Neeru holding 500 shares who failed to pay the first and final call money. All these 750 shares were forfeited. Out of the forfeited shares, 375 shares (including all shares of Asha) were subsequently reissued to Raja @ ₹ 80 per share as fully paid. Pass Journal entries in the books of the company to record the forfeiture and reissue only. Also, show the presentation in the Balance Sheet before and after forfeiture and reissue.