a) Shyam Ltd forfeited 500 equity shares of Rs 100 each issued at 10% premium on which allotment money of Rs.30 per equity share (including premium) and first call of Rs.30 per share were not received, the second and final call of Rs.20 per equity share was not yet called. Pass journal entries for forfeiture and re-issue of shares if 200 of these shares were reissued as Rs.80 paid up for Rs.90 per share.
b) Hari applied for 2000 shares of Rs 10 each issued at a premium of Rs 3 per share. He was allotted 1000 shares. After having paid Rs.3 per share on application, he did not pay the allotment money of Rs.5 per share( including premium) and on his subsequent failure to pay the first call of Rs.2 per share, his shares were forfeited. These shares were reissued at Rs.8 per share credited as fully paid up. Pass journal entries to record forfeiture and re-issue of shares.