Tanmay Ltd. issued 2,000, 9% Debentures of Rs 100 each at 20% premium, payable as follow :
Rs 40 on application, Rs 45 (including premium) on allotment and balance on first and final call, Applications were received for 4,000 debentures. Applicants for 1,000 debentures were refused to allot debentures and 2,000 debentures were allotted among remaining applicants. Excess application money was adjusted on allotment. All the amount was received in time. Give necessary journal entries.