X Ltd. issued a prospectus offering 2,00,000 shares of ₹ 10 each at ₹ 14 per share, payable as follows On Application ₹ 4 On Allotment ₹ 6 (including Premium ₹ 4)

X Ltd. issued a prospectus offering 2,00,000 shares of ₹ 10 each at ₹ 14 per share, payable as follows:

On Application	₹ 4
On Allotment	₹ 6 (including Premium ₹ 4)
On First Call	₹ 3
On Final Call	Balance

Dinesh, the holder of 1,000 shares, did not pay the amount due on allotment and first call. His shares were forfeited and 400 of these shares were immediately re-issued credited ₹ 9 paid for ₹ 8.40 per share. Final call was made afterwards and it was duly received. Show entries in the Cash Book and the Journal of the company. [Ans. Cash at Bank ₹ 27,93,760; Capital Reserve ₹ 1,360.]