A Ltd issued 1,00,000 shares of ₹ 10 each payable as follows : ₹ 3 on application, ₹ 2 on allotment, ₹ 3 on first call and ₹ 2 on final call. Applications were received for 1,60,000 shares out of which letters of regret were issued for 30,000 shares. Full allotment was made to applicants for 40,000 shares. Pro-rata allotment was made on the balance. A shareholder holding 100 shares, to whom full allotment was made, failed to pay allotment money. Another shareholder holding 200 shares, to whom pro-rata allotment was made, also failed to pay allotment money. On first call, there was a further default on 300 shares. All these were forfeited. The first lot of 300 shares was reissued at the rate of ₹ 8 per share as fully paid-up shares. Pass necessary Journal Entries.