Alpha Company issues 10,000 equity shares Rs.10 each payable fully on application.
Pass journal entry if the shares are issued
(i) at par
(ii) at a premium of Rs.2 per share.

Y company issued 10,000 equity shares of Rs.10 each payable as under:
On application     Rs.2
On first call          Rs.2
On allotment       Rs.4
On final call         Rs.2
Applications were received for 30,000 shares. Applications for 10,000 shares were rejected and allotment was made proportionately towards remaining applications. The directors made both the calls and the all the amount were received except the final call on 600 shares which were subsequently forfeited. Later 400 forfeited shares were reissued as fully paid by receiving Rs.7 per share. Give journal entries.

Sindhu was holding 20 equity shares of Rs.10 each on which he paid Rs.2 on application but could not pay Rs.3 on allotment and Rs.1on first call. Directors forfeited the shares after the first call. Give journal entry for recording the forfeiture of shares.

Thai Ltd. issued 50,000 equity shares of Rs.10 each, payable Rs.5 on application, Rs.2 on allotment, first call and n on final call. All the shares are subscribed and amount was duly received. Pass Journal entries.

Vinod company Ltd issued 40,000 preference shares of Rs.10 each at premium of Rs.3. Give journal entry.