19 :- Bright Ltd. issued 80,000 Equity Shares of Rs 10 each against which it received applications for 1,20,000 Shares. Application money was Rs 4. Allotment Money and First and Final Call was of Rs 3 each.
Pass the Journal Entry for allotment of shares ineach of the following cases :
Case 1 : Excess Applications were rejected.
Case 2 : Pro rata allotment is made.
Case 3 : Applications for 20,000 Shares were refused allotment and pro rata allotment was made to remaining.
Case 4 : Applications for 10,000 Shares were refused allotment, applications for 10,000 shares were alloted the shares applied and pro rata allotment was made to the remaining.
20 :- Faber Ltd. invited applications for 70,000 equity shares of Rs 100 each. The application money received @ Rs 30 per share was Rs 27,00,000. Name the kind of subscription. List the three alternatives for alloting these shares.
21 :- Sangam Marbles Ltd. invited applications for 20,000 Equity Shares of Rs 100 each issued at par payable on application. The issue was oversubscribed by 5,000 shares and allotment was made on pro rata basis. Pass necessary Journal Entries.
22 :- Citizen Watches Ltd. invited applications for 50,000 shares of Rs 10 each payable Rs 3 on application, Rs 4 on allotment and Balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final Call on 500 shares.
Pass the Journal Entries in the books of Citizen Watches Ltd.