Jiyaji Ltd has an authorised capital of ₹ 4,00,000 divided into shares of ₹ 20 each, the whole of which is issued

Jiyaji Ltd has an authorised capital of ₹ 4,00,000 divided into shares of ₹ 20 each, the whole of which is issued and subscribed at a premium of ₹ 2 per share. The amount was payable as follows:

On application and allotment ₹ 10 per share;

On first call ₹ 4 per share (including premium);

the balance as and when required.

The company made both the calls. The application and the allotment moneys were duly received. But a shareholder holding 2,000 shares failed to pay both the calls and his share were forfeited. They were later reissued at ₹ 14 per share as fully paid.

Pass Journal entries regarding the above.