ABC Ltd., forfeits 500 shares of 10 each held by Anand on which he has paid...

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ABC Ltd., forfeits 500 shares of 10 each held by Anand on which he has paid 2 per share on application, 2 per share on allotment and 3 per share on first call, but failed to pay the final call of 3 per share. Give journal entry to record the forfeiture of shares. ABC Ltd., forfeits 500 shares of 10 each held by Anand on which he has paid 2 per share on application, 2 per share on allotment and 3 per share on first call, but failed to pay the final call of 3 per share. Give journal entry to record the forfeiture of shares.