The following balances were extracted from the books of S Ltd., as on 31^st December 1992.

The preference shares were redeemed on 1^st January 1993 at a premium of ₹5 per share. The company issued such further equity shares of ₹10 each, as were necessary for the purpose of redeeming the preference shares, which were fully subscribed and duly allotted. You are required to show journal entries in the books of S Ltd.

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(3) 2,000 8% Redeemable Preference Shares of 100 each, fully 2,00,000 called-up Less: Calls-in-Arrears at 20 per share on 300 shares General Reserve Capital Reserve 6,000 1,94,000 50,000 10,000