74 :- Rekha holds 100 shares of Rs10 each on which she has paid Rs 1 per share on application.
Sunita holds 200 shares of Rs 10 each on which she has paid Rs 1 and Rs 2 per share on application and allotment respectively.
Teena holds 300 shares of Rs 10 each and has paid Rs 1 on application, Rs 2 on allotment and Rs 3 on first call.
They all fail to pay their arrears and the second call of Rs 4 per share. Shares are forfeited and subsequently reissued @ Rs 11 per share as fully paid-up.
Journalise the above.
Solution :-
