X Ltd. issued for public subscription 20,000 shares of ₹10 each at a premium of ₹2 per share payable as under:

Applications for 30,000 shares were received. Allotment was made pro rata to the applicants for 24,000 shares, the remaining applications being rejected. Money over paid was used towards allotment. Y to whom 800 shares were allotted failed to pay the allotment money, 1st and 2nd calls and Z to whom 1000 shares were allotted failed to pay the last two calls. These shares were subsequently forfeited after the 2nd call was made. All these forfeited shares were re-issued to W as fully paid at ₹8 per share. Give journal entries to record the above transactions.

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*2 per share on application; *5 per share on allotment (including premium) *2 per share on first call *3 per share on final call