Wye Ltd. issued 20,000 shares of ₹ 20 each payable as follows:

Wye Ltd. issued 20,000 shares of ₹ 20 each payable as follows:

	₹
On application	4
On Allotment	4
On First Call	6
On Second and Final Call	6

All the moneys were received except the following: Bikash; 500 shares, has not paid the allotment, the first call and the final call. Bikram; 300 shares, has not paid the first call and the final call. Charnesh; 200 shares, has not paid the final call. All the above shares were forfeited and reissued in the following manner: Shares of Bikash @ ₹ 18 per share, Shares of Bikram @ ₹ 16 per share, and Shares of Charnesh @ ₹ 15 per share. Pass Journal entries regarding the forfeiture and reissue of Shares.