Illustration 11 Aravind Co. Ltd. was registered with an authorised capital of 5,00,000 divided into 50,000...

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Illustration 11 Aravind Co. Ltd. was registered with an authorised capital of 5,00,000 divided into 50,000 shares of 10 each. The company offered 30,000 shares to the public which were payable as follows: 2 per share on application ? 4 per share on allotment 4 per share on first and final call Applications were received for 46,000 shares on which the directors allotted as follows: Full Applicants for 20,000 shares Applicants for 25,000 shares - 40% Applicants for 1,000 shares - Nil Allotment and call moneys were duly received except the first call money on 300 shares. Pass the necessary journal entries in the books of the company. Illustration 11 Aravind Co. Ltd. was registered with an authorised capital of 5,00,000 divided into 50,000 shares of 10 each. The company offered 30,000 shares to the public which were payable as follows: 2 per share on application ? 4 per share on allotment 4 per share on first and final call Applications were received for 46,000 shares on which the directors allotted as follows: Full Applicants for 20,000 shares Applicants for 25,000 shares - 40% Applicants for 1,000 shares - Nil Allotment and call moneys were duly received except the first call money on 300 shares. Pass the necessary journal entries in the books of the company.