On October 1, 2023 X Ltd. offered 1,00,000 shares of ₹ 10 each payable as follows: On Application ₹ 3 per share On Allotment ( November 1, 2023) ₹ 2 per share

On October 1, 2023 X Ltd. offered 1,00,000 shares of ₹ 10 each payable as follows:

On Application	₹ 3 per share
On Allotment ( November 1, 2023)	₹ 2 per share
On First Call (December 1, 2023)	₹ 3 per share
On Second and Final Call (One Month after first call)	₹ 2 per share

Applications were received for 1,25,000 shares on October 15, 2023. Applications for 1,20,000 shares were allotted 1,00,000 shares and the remaining applications were rejected. Give Journal entries assuming that all amounts have been received and the company maintains a combined account for application and allotment.