JJ Co. Ltd. offered 2,500 shares of ₹10 each to the public on the following terms:

₹3 to be paid on application, ₹3.50 to be paid on allotment, ₹1.50 to be paid three month after allotment and ₹2 to be paid four months after the first call. 

The public applied for ₹2,300 shares for which allotment took place on 1^st June 2014. All money due on allotment was received by 15^th July 2014. Calls were duly made but a shareholder holding 500 shares failed to pay both the calls. Pass journal entries.