Denspar Ltd. invited applications for issuing 2,00,000 equity shares of Rs.  10 each at a premium of Rs.  20 per share. The amount was payable as follows:

On Application – Rs.  2 per share

On Allotment – Rs.  13 per share (including Rs.  10 premium)

On First Call – Rs.  7 per share (including Rs.  5 premium)

On Final Call – Rs.  8 per share (including Rs.  5 premium)

Applications for 1,80,000 shares were received. Shares were allotted to all the applicants. Yogesh, a shareholder holding 5,000 shares paid his entire share money along with the allotment money. Vishesh, a holder of 7,000 shares, failed to pay the allotment money. Afterwards the first call was made. Vishesh paid the allotment money along with the first call money. Samyesh, holding 2,000 shares did not pay the final call.

Samyesh’s shares were forfeited immediately after the final call. Out of the forfeited shares, 1,500 shares were reissued at Rs.  8 per share fully paid up.

Pass the necessary journal entries for the above transactions in the books of Denspar Ltd.

Marks-8, CBSE:2018-19/Main/02/Q-16*