6. a. X Co. Lid issued 4,000 shares of Rs.10 each at a premium of Rs.2 per
(16)
share. The amount was payable as under:
On application
On allotment
On first call
On second call
:Rs.3 per share
: Rs.4 per share (including premium)
Rs.3 per share
:Rs.2 per share
The company recelved applications for 5,000 shares and the allotment was made as under:
i) Applicants for 200 shares - Nil
ii) Applicants for 800 shares - Full
iii) Applicants for 4,000 shares - 3,200 shares
All money were duly received except the first call on 200 shares and the final call on 300 shares.
Pass journal entries for the issue of shares.