Illustration 8 Samtel Ltd issued 2,00,000 equity shares of 10 each payable as follows: on application...

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Illustration 8 Samtel Ltd issued 2,00,000 equity shares of 10 each payable as follows: on application 2 on 1st January 2011 on allotment 3 on 1st March 2011 on first & final call 5 on 1st July 2011 Shares were fully subscribed and paid in full. Of the shareholders Mr. Manoj s whom allotted 5000 shares, paid the call money along with allotment. Interest on call in advance should be given @ 6%. Pass journal entries in the books of the company. Illustration 8 Samtel Ltd issued 2,00,000 equity shares of 10 each payable as follows: on application 2 on 1st January 2011 on allotment 3 on 1st March 2011 on first & final call 5 on 1st July 2011 Shares were fully subscribed and paid in full. Of the shareholders Mr. Manoj s whom allotted 5000 shares, paid the call money along with allotment. Interest on call in advance should be given @ 6%. Pass journal entries in the books of the company.