63 :- A company forfeited 4,000 shares of Rs 10 each fully called-up, on which application money of Rs 3 each has been paid. Out of these, 2,000 shares were reissued as fully paid-up for Rs 18,000.
Pass necessary Journal Entries for above transactions.
64 :- Alfa Ltd. Forfeited 900 Equity Shares of Rs 100 each for the non-payment of allotment money of Rs 30 per share and the first call of Rs 20 per share. The Second and Final Call of Rs 25 per share has not been made.
The forfeited shares were reissued for Rs 90 per share, Rs 75 paid-up.
Journalise the above.
65 :- Max Ltd. Forfeited 500 shares of Rs 100 each for non-payment of first call of Rs 20 per share and final call of Rs 25 per share. 250 of these shares were reissued at Rs 50 per share fully paid up.
Pass the necessary Journal entries in the books of Max Ltd. For forfeiture and reissue of shares. Also prepare the Share Forfeiture Account.
66 :- On 1st May, 2023, Moneyplus Ltd. Forfeited 200 shares of Rs 20 each, Rs 15 per share called-up, on which Rs 10 per share has been paid by A, the amount of the first call of Rs 5 per share being unpaid. Ten days later, the Directors reissued the forfeited shares to B credited as Rs 15 per share paid-up, for a payment of Rs 10 per share.
Give Journal Entries in the company’s books to record the forfeited shares and their reissue.
67 :- The Directors of Maharana Ltd. resolved on 1st May, 2023 that 2,000 Equity Shares of Rs 10 each, Rs 7.50 paid be forfeited for non-payment of final call of Rs 2.50. On 10th June, 2023, 1,800 of these shares were reissued for Rs 6 per share. Give Necessary Journal entries.