24 :- Sony Media Ltd. issued 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 1,00,000 shares and allotment was made as follows :
(i) Applicants for 60,000 shares were alloted 30,000 shares,
(ii) Applicants for 40,000 shares were alloted 20,000 shares.
Anupam to whom 1,000 shares were alloted from category (i), failed to pay the allotment money.
Pass Journal entries up to allotment.
Solution :-
