Wanguri Ltd issues a prospectus inviting subscriptions for 8 million ordinary shares of $1.60 each. 80c is to be paid on application with 80c to be paid one month after allotment. Applications are received for 9 million shares in July 2023. The directors allot 8 million sharers on 12th August 2023 with applicants receiving shares on a pro rata basis. Amount due on allotment must be paid by 12th September 2023. At that date the holders of 1 million shares did not pay the amount due on allotment. These shares were forfeited on 21st September and were reissued on 26th September as fully paid with an amount of $1 being received. Prepare the journal entries for Wanguri Ltd to account for the share issue and forfeiture