Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each

Sagar Ltd. issued a prospectus inviting applications for 30,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 2 on application, ₹ 5 (including premium on Allotment, ₹ 3 on first call and balance on second and final call.

Applications were received for 28,000 shares. All money were duly received. Pass the necessary Journal entries.