A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs.2 per share. 2,00,000. 10% Preference shares of Rs.10 each at par. The amount on share was payable as under :
The amount on share was payable as nunder
|Equity shares||preference shares|
|On Application ||Rs.3 per share||Rs.per share|
|On alloment||Rs.5 per share (including a premium)||Rs. per share|
|On First call||Rs. per share||Rs. per share|
All the shares were fully subscribed,called -up and paid.
Record these transactions in the journal and cash book of the company.