Sony Media Ltd. issued 50,000 share of Rs.10 each payable Rs.3 on application, Rs.3 on allotment and balance on first and final call. Applications were received for 1, 00,000 shares and allotment was made as follow: 1. Applicants for 60,000 shares were allotted 30,000 shares. 2. Applicants for 40,000 shares were allotted 20,000 shares.
Anupam, to whom 1,000 shares were allotted from category (I), failed to pay the allotment money. Pass Journal entries up to allotment.