87 :- 150 shares of Rs 10 each issued at a premium of Rs 4 per share payable with allotment were forfeited for non-payment of allotment money of Rs 8 per share including premium. The first and final call of Rs 4 per share was not made. The forfeited shares were reissued at Rs 15 per share fully paid-up.
Pass Journal entries in the books of X Ltd. for the above.
Solution :-
