81 :- Grofers Ltd. Having authorised capital of Rs 25,00,000, issued 2,00,000 equity shares of Rs 10 each for subscription payable Rs 4 on application, Rs 3 on allotment and balance on first and final call. The shares were subscribed, and due amounts were received except first and final call on 4,000 shares held by Rana. These shares were forfeited. Later, half the shares were reissued as fully paid-up and Rs 14,000 were transferred to Capital Reserve. Pass the Journal entry for forfeiture and reissue of shares.
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