Arushi Computers Ltd issued 10 000 equity shares of Rs 100 each at 10 premium The net amount payable...........

Arushi Computers Ltd. issued 10,000 equity shares of Rs. 100 each at 10% premium. The net amount payable as follows: (5 marks)

On application Rs. 20 On allotment Rs. 50 (Rs. 40 + premium Rs. 10) On first call Rs. 30 On final call Rs. 10

A shareholder holding 200 shares did not pay final call. His shares were forfeited. Out of these 150 shares were reissued to Ms. Sonia at Rs. 75 per share.

Give journal entries in the books of the company.

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Arushi Computers Ltd issued 10 000 equity shares of Rs 100 each at 10 premium The net amount payable...........

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