Kalyan Company offered 10,000 shares of Rs. 10 each payable as Rs. 3 on application, Rs. 2.50 on allotment, Rs. 2.50 on first call and Rs. 2 on the final call. The public applied for 15,200 shares. The shares were allotted on a pro-rata basis to the applicants of 15,000 shares. All shareholders paid the allotment money excepting one shareholder who was allotted 20 shares. These shares were forfeited. The first call was made thereafter. The forfeited shares were re-issued at Rs. 9 per share, Rs. 8 paid up. The final call was not made.
Pass necessary journal entries in the books of Kalyan Company.